What a Bitcoin future looks like
Description
I did a pod about Bitcoin, I hope that's okay!
Bitcoin resources I recommend
A Bitcoin Future
What if everything you bought got cheaper every year, but your salary stayed the same? You'd eventually go to space, right?
Human material needs are in some sense finite, but human wants are infinite. Human time is absolutely finite, but human ingenuity -- the ability to do more with the same amount of time -- is multiplicative and exponential.
In an economy we create value as we transact voluntarily, and in an economy with money we use money as an intermediary to store that value we create. In a Federal Reserve economy, that value creation is skimmed off the top and given to banks so they can give us more credit card debt. In a Bitcoin economy, we all get to benefit from value creation.
Bitcoin wouldn't fix theft, or the desire to steal. It just makes theft no longer our national monetary policy.
United States
