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43. Bitcoin and market efficiency

The Bitcoin Standard Podcast

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Why You Can't Calculate Because There's No Unit for Economic Value

I don't think socialism would work even if Bitcoin turned out to be the first constant in economics. Ultimately, the thing that we solve for in economics is individual utility. There's no way of solving individual utility collectively. So a central authority won't be able to determine what's better for you. I'm working on building a house right now. We're in the early stages. You've argued that you don't see a quick demise of fiat currency. As a matter of fact, it may continue unabated in terms of using it for transactions,. If I understand you correctly. Given the discussion you just had, I'm trying to reason in my mind the new role of crypto-cur

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