The Fiat Standard Lecture 14: Bitcoin Scaling shows why on-chain scaling has hard limits, why block space must remain scarce to preserve immutability, and how economic incentives push smaller payments to second layers. It also explores how the Lightning Network brings fast, cheap transactions to Bitcoin.

You can buy the hardcover, ebook or audiobook in several languages on saifedean.com/TFS, where you can also find the full lecture notes available for free download.

You can also take the rest of Saifedean's courses by signing up to a membership on saifedean.com/membership

The Fiat Standard Lecture 13: Why Bitcoin Fixes This explains how Bitcoin compares to fiat & gold in salability across space, separates money & debt, ends credit monetization & allows a separation of money & state.

You can buy the hardcover, ebook or audiobook in several languages on saifedean.com/TFS, where you can also find the full lecture notes available for free download.

You can also take the rest of Saifedean's courses by signing up to a membership on saifedean.com/membership

The Fiat Standard Lecture 12: Fiat Cost-Benefit Analysis calculates the minor benefits of fiat & compares them to its massive destructive effects: wealth erosion, distorted markets, political power grabs, endless wars, societal decay & more.

You can buy the hardcover, ebook or audiobook in several languages on saifedean.com/TFS, where you can also find the full lecture notes available for free download.

You can also take the rest of Saifedean's courses by signing up to a membership on saifedean.com/membership