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Currents 094: Matthew Pirkowski on Blockchain Consensus Mechanisms

The Jim Rutt Show

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How to Minimize the Amount of Cash Held in a Mutual Fund

The velocity of money has been going down for 30 years. When the when V goes down, there's something wrong with the monetary system. Bitcoin is hardly used at all in actual real non-financial transactions. Even if you're less efficient than the Bitcoin network, that's a pretty strong signal that perhaps that energy is being wasted and should just go to that actual network rather than waste it on other things.

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