Swan Signal Live - A Bitcoin Show cover image

Jeff Booth & Alex Gladstein | Swan Signal | EP 108

Swan Signal Live - A Bitcoin Show

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Bitcoin and the Economic System

In Bitcoin, you could simplify this really easily. Over a long enough time horizon, prices fall to the marginal cost of production. So what's happening in Bitcoin is why five years ago it would have cost 100 Bitcoin to buy a house and now it costs 10 Bitcoin to buying a house. But most people will measure those prices through whatever currency is being manipulated. And they'll continue to be confused about what's happening.

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