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#176 – Robert Breedlove: Philosophy of Bitcoin from First Principles
Lex Fridman Podcast
Markets Generate Pragmatic Truth
Markets generate three forms of pragmatic truth, he says. One is the price: collective subjective demand and purchasing power of humanity running up against objective supply in marketplace. The second form would be tools and innovations themselves; entrepreneurs are trying to satisfy wants of consumers. And lastly, there's ideas being fundamental - a shovel allows you to dig a hole much faster per hour than you could with your bare hands.
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