3min chapter

The "What is Money?" Show cover image

Why Freedom Matters with Neil Oliver (WiM237)

The "What is Money?" Show

CHAPTER

The Byzantine Generals Problem

If all your wealth was in Bitcoin, how would you leave the States if you couldn't access your Bitcoin until you got out of the States? Well you can keep Bitcoin in a lot of different places. If you have some small amount of Bitcoin and a hot wallet on your phone, you don't need the internet for that either. You just need to be able to scan a QR code and then you can initiate a Bitcoin transaction over anything. That does presume they have Bitcoin though. On the notion of could nation States just act in a concerted fashion to suppress the internet or suppress Bitcoin? This is actually such a great question and this is what Bitcoin solved.

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