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#168 – Silvio Micali: Cryptocurrency, Blockchain, Algorand, Bitcoin, and Ethereum
Lex Fridman Podcast
The Scarcity of a Particular Resource Like Bitcoin
There is a belief that the scarcity of a particular resource like Bitcoin has a limited amount in its tied to physical, you know, to proof of work. Do you think that's an important feature to be part of what the money is? That is certainly a very useful part. It's not an intricate necessity, but it's much easier to accept once. There is a fixed number of units of whatever currency there is. Therefore, you can mentally understand I'm getting this much of this piece of the pie and therefore I consider myself paid.
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