6min chapter

The "What is Money?" Show cover image

How Bitcoin Will End Currency Counterfeiting with Michael Goldstein (WiM252)

The "What is Money?" Show

CHAPTER

The Best Tool for Understanding Bitcoin

With no more capacity for double spending and counterfeiting the states monopoly over money will cease to be. No one will have demand for their services without their most profitable means of redistributing wealth this will create more productivity in the economy by siphoning fewer resources away from productive ventures. The same resources are not being redistributed towards people who use those resources to create ideological support for the redistribution itself. Military conquest will be diminished as the cost of war must be paid for directly, monetary imperialism will have no purpose  and a very bright orange future i think that you've painted here.

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