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WiM004 - The Saylor Series | Episode 4 | Bitcoin: The First Digital Monetary Energy Network
The "What is Money?" Show
Commodification Points to Bitcoin Mining
The commodification of Bitcoin is actually in the energy being allocated into its network. It's not to say that we'll hold indefinitely into the future, but it's definitely very unique and that we've never seen an asset that has this predictable and algorithmically enforced market value or let's say driven by the algorithm. If you look at the price, actually Bitcoin and store, we have a log scale mapped over these halvings. You see it perfectly. The thing that's interesting to me about that is it's inverting the economic principles behind commodification. And then we're into the subtle aspects of Bitcoin and why comparing them to gold is simply wrong. Say if you want to compare
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