In this episode, TC and Mike delve into Chapter 3 of Saifedean Ammous's 'The Bitcoin Standard', exploring the evolution of monetary metals, the flaws of the gold standard, and the implications of currency debasement throughout history. They discuss the role of Bitcoin as a solution to modern monetary issues, drawing parallels between historical economic collapses and current trends. The conversation emphasises the importance of understanding the dynamics of supply and demand in value storage and the potential future of money.Mike: YouTube: @BitcoinStraightUp  Nostr: npub1yp4n0rw5sgf9sl4ta0wxfvq9pxc67sf0s3vmfp5l7r5uzleqqrhsyskqykTC: YouTube: @TheRoadToOneBTC X: @TheRoadToOneBTCNostr: npub1ycvsxes7qfrmv897k8uqqfrwvj5efv0f282lxzacrdlglm8c2qrqm7jjgrTip 'The HODLing Room' with Mike & TC:Lightning: [email protected] on-chain: bc1qvk89xjd66frae52g0j70sr093dv4s4020pdf4u00:00 Introduction to The Bitcoin Standard02:54 The Evolution of Monetary Metals06:02 The Gold Standard and Its Flaws10:29 Historical Context of Currency Debasement15:54 The Limitations of Commodities as Money22:20 The Anatomy of Market Bubbles24:26 Gold vs. Bitcoin: A Comparative Analysis28:46 The Future of Money: Bitcoin and Gold29:15 The Mystery of Gold Stockpiles30:14 Gold vs. Commodities: Understanding Value35:02 The Role of Gold in Monetary History39:08 Civilizational Decline and Economic Health41:57 The Petrodollar and Global Economics44:08 Lessons from the Roman Empire50:36 The Consequences of Currency Debasement54:58 The Rise and Fall of Civilizations