Ep 76. Bitcoin is NOT Money. It's a Game with John Carvalho
Svetski Wake Up Podcast
00:00
Is Bitcoin a Good Definition of Money?
Bitcoin is a fixed total quantity of score, 21 million Bitcoin or 2.1 quadrillion satoshis. Because it's fixed, it means that the only way you get it is from somebody else. And so that makes the game much more interesting and much more useful. But calling it money does it a disservice because money traditionally just is what people use as an abstraction for value. Now money could be shells and people find more shells and use those shells and that's not necessarily bad. It doesn't matter. Money is going to be the most popular small thing in our lives.
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