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Bitcoin Mining on the Ocean with Nathan and Michael (WiM239)

The "What is Money?" Show

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The Impact of the Broken Fiat System on Misallocation of Capital

Bad price signals lead to badly allocated capital. Bad projects leads to recessions, boom and bust. This is all 1940s, Mises playing out today. The more wealth you have, the more problems you can solve. Crazy to think about. Okay. So a little bit here, impact of the broken fiat system on misallocating capital. All right. We know we talk about this a lot in Bitcoin circles. Cheap energy is wealth and wealth is almost by definition solutions to problems. Oh, tech have to do with that. How is it actually driving technological engineering progress away from high time preference investments to lower time preference value investments?

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