Guy's Take_079 - BITCOIN IS NOT MONEY

January 20, 2024 01:03:11
Guy's Take_079 - BITCOIN IS NOT MONEY
Bitcoin Audible
Guy's Take_079 - BITCOIN IS NOT MONEY

Jan 20 2024 | 01:03:11

/

Hosted By

Guy Swann

Show Notes

"I hope Bitcoin sticks around and grows more popular, but in its current form to most in #TradFi it is the opposite of SOUND MONEY, especially if it takes cult-like behavior to make it grow. It needs the STATE to force its use on everyone. That is what makes it MONEY."

~ Samantha LaDuc


Today we dive into the enlightening twitter thread from financial analyst Samantha LaDuc on why Bitcoin cannot be and is not money, one of which is because money is enforced by the state, but that's only just the beginning.

We witness another instance of the unfortunate confidence where people in finance mistakenly think that because they deal with money, and numbers, and charts, and P/E ratios, that this means they understand *money.* A very, very different discipline that is meaningful over far, far larger time horizons. So let's take a peak into this world view, and then in the spirit of debate... tear it apart. I think you'll enjoy this one


Check out the original tweet at Samantha La Duc's profile. (Link: https://twitter.com/SamanthaLaDuc)


Referenced in the show


Guest Links


Host Links


Check out our awesome sponsors!


“Facts do not cease to exist because they are ignored.”

~ Aldous Huxley

--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

Other Episodes

Episode

November 01, 2018 00:34:43
Episode Cover

CryptoQuikRead_178 - Shelling Out - The Origins of Money [Part 3 - Nick Szabo]

Part 3! of our journey through Nick Szabo's incredible work, Shelling Out: The Origins of Money.  A critical piece to understanding money, its rich...

Listen

Episode

August 10, 2018 01:06:23
Episode Cover

CryptoQuikRead_128 - What Will Bitcoin Look Like in 20 Years? [Part 2]

Will hundreds of coins flourish?  Will economic thought change completely?  Will it be a force for good or evil? And will Bitcoin even survive?...

Listen

Episode

July 16, 2019 00:51:03
Episode Cover

CryptoQuikRead_270 - Investing in Bitcoin [Hasu & Su Zhu]

Today we read yet another great piece by @hasufl and @suzhu available on uncommoncore.co on the core value offered by Bitcoin as a system...

Listen