4min chapter

Nostrovia - The Original Nostr Podcast cover image

Bitcoin and China with Joseph Wang

Nostrovia - The Original Nostr Podcast

CHAPTER

The Problem With Using Bitcoin as a Settlement Currency

I don't think it's going to work because in the end, none of them trust enough each other. And there's some really good aspects of Bitcoin that make it useful for being the settlement currency. The price of Bitcoin was once like $100 gone to $20,000. It can go depending on how much Bitcoin you need. You can have these wild swings in price of Bitcoin without destroying the rest of the economy.

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