SLP443 Conza - Clearing up Bitcoin Misconceptions
Stephan Livera Podcast
00:00
Is Bitcoin a Rival Risk Digital Commodity?
Bitcoin is a rival risk digital commodity on an open source monetary network. It's backed by the energy consumption or the miners, right? In that sense yes. But I think it's a wrong answer as you indicate to refer then to the energy. And so with Bitcoin, it's not a claim on something else, no credit money. The word scarcity can encompass both rival and non rival goods.
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