WiM053 - The Saylor Series | Episode 13 | Bitcoin is Cybernetic Life
The "What is Money?" Show
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The Negative Feedback of Bit Coin
Bicoins are modelled on capitalism. The profits that emerge from a successful entrpeneral venture actually draws in more competition, right? If you're generating a 30 % profit margin, other ontrpeers come in to try to feast on that profit margin. That is the difficulty adjustment in capitalism. And then the opposite is sotrue. Yous are generating losses. You actually expel competition. Young people go out of business. So it's so interesting to look at it that way. I've called bit coin kind of a fractol of the free market,. like it's its own little free market that imposes free market principles at large.
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