AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
3min chapter
030 - Knut Svanholm: Seafaring, Praxeology & Bitcoin Spirituality
Free Cities Podcast
The Importance of Microtransactions
As number goes up and becomes more valuable, it sort of removes the incentive for us to make all these small transactions. On a Bitcoin standard, you don't have as many transactions, but when you actually do a transaction, it gives you a good or a service of a higher quality. What's missing from that theory is that every time a $100 bill is used for good or service,. then that that good or service is added to the overall economy. And therefore, we need inflation to make that happen a lot of times. The velocity of money is a very Keynesian metric anyway.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode