Read_560 - The Schumpeterian Bitcoin Cycle [Prateek Goorha]

"Schumpeter would have loved Bitcoin. He would have seen in Bitcoin a living representation of his theory of capitalism, so often quoted but rarely understood. Creative destruction is the process by which capitalism continually rejuvenates itself. It is what drives markets forwards, constantly being refreshed with new ideas that destroy extant structures and erect better ones in their stead.” - Prateek Goorha & Andy Edstrom Today we are digging into the evolution of the economy and the cycles of creative destruction that the most significant innovations create in the economic order. What is Bitcoin in this view, and how might these cycles map onto of the cycles within the Bitcoin system itself? Check out the article, plus the others mentioned in today's episode for further exploring the cycles of Bitcoin, innovation, and society: The Schumpeterian Bitcoin Cycle: https://goorha.medium.com/the-schumpeterian-bitcoin-cycle-e79543443bdf Bitcoin and the Rhythms of History - By Brandon Quittem: https://bitcoinaudible.com/bitcoin-and-the-rhythms-of-history/ Check out our amazing sponsors below that keep this show alive, and all the things made audible for your listening pleasure! • The Fold Card will get you SATS BACK on EVERYTHING! You don't want to miss this with the Fold debit card, and gift card selection on the Fold App. Everything you already buy, except with sats back! Check them out at guyswann.com/fold for 5,000 free sats for signing up. • And the BitBox02 hardware wallet for keeping those sats SAFE! You need a secure, intuitive way to hold your digital money in a digital vault. That's the BitBox02 hardware wallet. Get 5% off with discount code "GUY" at guyswann.com/bitbox Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message