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WiM053 - The Saylor Series | Episode 13 | Bitcoin is Cybernetic Life
The "What is Money?" Show
How Do You Find Longitue on the Ocean?
Bicoin is an adaptive control system, and it's targeting correct. It's a self correcting monetary system. For example, how does gold go off the rails? Well, i started with 21 million gold coins, and then someone, you know, sacked the inca empire and brought back ten million more. Now i've got 31 million gold coins. Where's the self correcting part? I don't want 31 million. I want 21 million. And so bicoin is a self-correcting monetary system - not fiat or commodity money.
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