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Lebanese American University


Keep Learning Alumni Lecture: What is Bitcoin? by Saaifedean Ammous


Dr. Ammous discussed the following: What is bitcoin, and what is the significance of this new invention? He explained the unique monetary properties that made bitcoin the most advanced form of money ever invented. Bitcoin’s fixed supply makes it the only liquid good that is strictly scarce, and whose demand supply is completely irresponsive to changes in demand. Ammous also explained how Bitcoin’s digital nature allowed it to offer very fast apolitical international settlement and the opportunities afforded by this invention, and how to you begin to use it.

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