Gold vs Bitcoin Debate Reaction, Weiner vs Rochard - Daily Live 28 May 23 | E347
Bitcoin & Markets
00:00
The Negative Sum Game of Bitcoin
A lot of people think it's a zero-sum game. No, voluntary markets are mutually beneficial by definition. As long as you have some choice, there's going to be some mutually beneficial thing happening in that trade. The market price is the clearing price, not the value of a good. We don't know how much utility they're getting out of it. Only they do and they really don't because it's an ordinal value system.
Transcript
Play full episode
