"The obsession with consumer payments in the Bitcoin community is an unfortunate relic of the fiat money era. Generations that have only known monetary hot potatoes that need to be spent before they devalue have come to view life as a quest of mass consumption." — Saifedean Ammous
Today we hit an historical piece from the one and only Saifedean on the economics of Bitcoin for global settlement. While so many fail to recognize the deeper value of money, rather than the shallow service of payments, Saif breaks down the fundamental value of Bitcoin's incredible settlement assurances, and the economics that will dominate the system's use in the future. A classic from the Nakamoto Institute.
PS. Yes, I know I skipped a number so we are fixing that today. XD
Heck out the original article plus the incredible list of phenomenal knowledge available at the Nakamoto Institute: https://nakamotoinstitute.org/mempool/economics-of-bitcoin-as-a-settlement-network/?ref=teachingbtc.com
Anil's reads list: Essential Bitcoin Essays: A Reading ListA huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show!
-------------------------
"Nowadays people know the price of everything and the value of nothing." — Oscar Wilde
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message"we should all take a moment to be deeply grateful for the introduction of an ark upon which we can board, and from which...
"What are we actually about? It's to an extent an open question. It's not like the Cypherpunks knew at all. It's part of our...
A message from the future... from 2013. Just one of those memes that made its place in Bitcoin's cultural history, we read the infamous...