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Crypto: Then They Fight You, Ep 356 Paul Quickenden

NZ Everyday Investor

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The Unintended Consequences of Bitcoin

We're trying to keep pace with the debasement of our units that we have to buy goods and services. Those are constantly being watered down. And that's why we have to invest in things that are hopefully appreciated at a rate which is greater than the rate of inflation, just to stand still. It's a great story though on why we invest, right? Some will see it purely as magical internet money. Other see it as the way the future and all the rest of it. But the network itself is almost showing it what it is. We could build it like really simply. What was the Taproot upgrade? So Taproot was a software upgrade to the core Bitcoin network.

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