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SLP71 Stephan Livera - Intro to Bitcoin Austrian thought

Stephan Livera Podcast

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The Austrian Theory of the Business Cycle

The value of something comes from when people are hoarding it in some sense, right? The fact that people want to hoard it is kind of what gives it more value. And so one of the essays from the Nakamoto Institute also has something like, well, I'm hoarding bitcoins and you can't have any. It's not just the pass through, pass through value of people using it as a transaction.

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