3min chapter

"Moment of Zen"  cover image

E15: Nic Carter on Balaji's Bet, Operation Chokepoint 2.0, and the Fed's financial crisis

"Moment of Zen"

CHAPTER

The Modest Person's Argument for Bitcoin

Nick Bostrom: Bitcoin is entirely retail driven. It's not that deep from a liquidity pool, so his argument was like, oh, well, if they cut the exits, then the price is going to moon. That would still require more people to want to be getting into something that they now have no, it has less liquidity. He doesn't own any Bitcoin right now; he sold it a few months ago. To biology's credit, he is trying to offer an alternative ideology with the network state.

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