Swan Signal Live - A Bitcoin Show cover image

Andy Edstrom and Preston Pysh - E90

Swan Signal Live - A Bitcoin Show

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The Trust Factor

The trust factor that Preston was talking about is exactly right. It reminds me of Ronald Coase, a Nobel Prize-winning economist. And as the trust gets reduced, the transaction costs go up. This is another factor that Nixabo talks about with money and social scaling. That's why it's so important to have a money that everyone can trust.

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