100: Saifedean Ammous ON: Why Bitcoin Is NOT A Ponzi Scheme
Episode Details

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What if the single biggest mistake people make about Bitcoin is assuming it has to pay a yield to be real?


Welcome to episode 100 where I sit down with the one and only Saifedean Ammous, author of The Bitcoin Standard. We strip Bitcoin back to its core: money that holds value because it can’t be easily made. We dig into why no yield doesn’t equal a Ponzi Scheme, how fiat currencies are designed to rob savers, and why houses became saving accounts instead of homes. Saifedean breaks down Bitcoin’s fixed supply, the way halving works, and why that scarcity keeps driving demand. We explore what happens when governments keep printing, why high time preference thinking blinds them to Bitcoin, and how this all adds up to a slow-motion debt jubilee as fiat fades into irrelevance.


You’ll Learn:



  • The reason calling Bitcoin a Ponzi Scheme because it has no yield misses the whole point of money
  • What happens when fiat money is built to lose 5–10% of value every year 
  • The link between housing bubbles and broken money 
  • The damage of inflation pushing entire generations out of homeownership and into permanent renting
  • The reason hardest-to-produce assets always end up as money
  • What happens when Bitcoin’s scarcity collides with global demand 
  • The link between debt creation in fiat systems and why Bitcoin represents a slow-motion debt jubilee


Timestamps:


[00:00] Introduction

[05:12] Why calling Bitcoin a Ponzi Scheme misses the point of money

[09:02] How fiat money robs savers and forces speculation

[12:11] Housing as a savings account and why Bitcoin fixes it

[15:07] Bitcoin’s fixed supply and the halving schedule

[19:14] Why scarcity pushes Bitcoin toward becoming global money

[23:41] The tipping point where Bitcoin overtakes other monies

[29:04] Governments, short-term thinking, and why they can’t grasp Bitcoin

[33:52] Bitcoin as a slow-motion debt jubilee replacing fiat debt

[36:44] Why expanding the money supply is a lie and divisibility matters

[38:59] Imagining the 20th century if the world had stayed on a gold standard


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Resources Mentioned:


The Bitcoin Standard by Saifedean Ammous | Book or Audiobook

The Fiat Standard by Saifedean Ammous | Book or Audiobook

The Bitcoin Standard Podcast by Saifedean Ammous | Apple or Spotify


Find more From Saifedean:


Saifedean Ammous | Website

Saifedean Ammous | Instagram

Saifedean Ammous | X

Saifedean Ammous | Facebook

The Saifhouse | Website


Find more from Scott:


Scott Dedels | X

Block Rewards | Instagram

Block Rewards | YouTube

Block Rewards | TikTok

Block Rewards | Website

Block Rewards | LinkedIn

Episode cover art for 100: Saifedean Ammous ON: Why Bitcoin Is NOT A Ponzi Scheme
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