Read_789 - Can Appreciating Bitcoin Be a Good Money?

January 06, 2024 01:00:48
Read_789 - Can Appreciating Bitcoin Be a Good Money?
Bitcoin Audible
Read_789 - Can Appreciating Bitcoin Be a Good Money?

Jan 06 2024 | 01:00:48

/

Hosted By

Guy Swann

Show Notes

"Bitcoin appears to be a decentralized Ponzi scheme not a decentralized currency. People don't spend it because they want it to go up. The dollar works because of inflation. It keeps velocity up like hot potato. If you want to store value silver gold and land. Because it's beautiful useful and valuable. Bitcoin is a Ponzi scheme without an individual attached to it to go to prison. So the media can control swings for profit. That's my opinion about bitcoin. The purpose isn't currency the purpose is to make dollars. The dollars "weakness" is actually why it won't be replaced. Velocity."

— Owen Benjamin


Today we read a great little article from Robert P Murphy that challenges the notion that a currency must be "weak," in order for it to work as money. And while in some sense bitcoin is not yet money when it comes to wide spread acceptance, is it possible, that it one day could be? Don't miss this one.


An open invitation to Robert Murphy to chat on Bitcoin Audible.


Check out the original article at:


Host Links


Recommended on the show:


Check out our awesome sponsors!


“Production is quite possible without money. There is no need for money either in the isolated household or in the socialized community. Nowhere can we discover a good of the first order of which we could say that the use of money was a necessary condition of its production.”

― Ludwig von Mises

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

Other Episodes

Episode

May 07, 2018 00:30:06
Episode Cover

CryptoQuikRead_064 - The Future of Bitcoin - What Lightning Could Look Like

Splicing Payments, Submarine Swaps, Atomic Swaps, Dual-Funded Channels, Eltoo, Channel Factories, AMPS, and More!  Listen to Aaron's recent article to hear more of the...

Listen

Episode

September 03, 2020 00:36:15
Episode Cover

Read_436 - Don't Fear the Reaper [Nic Carter]

"Bitcoin’s supply schedule cannot change, because Bitcoin is the supply schedule. Any alteration produces something that is decidedly non-Bitcoin." - Nic Carter Nic does...

Listen

Episode

December 18, 2020 00:40:53
Episode Cover

Read_475 - The Sovereign Company Thesis [Christian Keroles]

“Today, bitcoin is still an alternative treasury asset, but as larger and more powerful organizations begin to use Bitcoin directly, they will begin to...

Listen