The Value of Bitcoin Is That You Don't Need to Trust the Individual That's Paying You in Gold

Sally Kohn: Trust is necessary for human beings to cooperate and produce the economic division of labor that makes us wealthy. But we, I guess the trick is to lower the cost of establishing trust. That's sort of like what gold is. You know, you don't need to trust the individual that's paying you in gold. They're not making you a promise to money. They're just giving you actual money. And so when you can get out of this, you know, seemingly infinite sequence of passing promises around and get people passing things that are accurate representations of the time and energy that went into them right. Right.

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