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Social Network Geometry | The Geoffrey West Series | Episode 4 (WiM147)
The "What is Money?" Show
Bitcoin
Gold was like a backstop to energy expenditure. That's what made it a good store value. But when you then decouple that and give the authority to issue money to a government with no energy expenditure, you get an incentive for people to print money effectively. Bitcoin gets us back to that principle of gold, because you have to expend energy in Bitcoin mining to create Bitcoin.
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