4min chapter

The "What is Money?" Show cover image

A Theory of Socialism and Capitalism | The Stephan Kinsella Series | Episode 1 (WiM207)

The "What is Money?" Show

CHAPTER

Bitcoin Doesn't Have Integer Value, Like Bit Coin

There's no such thing as just, like, just like, goods don't have n intrinsic value, right? Which is he another problem with a lot of monetary theorythi bitcoin doesn't have intrinsic value, unlike gold. While gold doesn’t have intrinsic nothing has isic value. So because of those special goods, they wouldn't be produced on a free market, cause there's no incentive for someone to produce em. Bcause you can't exclude people from the benefit of it. They wouldn't pay for it, right? Um, like the lighthouse used to be the classic example. So this is the argument for for defenceof a country. Because, la, i

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