5min chapter

Bankless cover image

140 - The Future is Fiat | Noah Smith (Noahpinion)

Bankless

CHAPTER

Treasury Bills vs Apple Shares

David Weinberger: If you get paid in Apple shares, prepare for your paycheck to be volatile. He says no one wants to buy that with Apple shares because it's volatile. Hold on to Apple shares for a long term and you'll make money, but it's volatile in the short term. But he says Bitcoin can be a good long term store of value and useful as a currency. Steinberg: The Ether economy could act as a long-term store of value or just make a synthetic volatility out of it.

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