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SLP71 Stephan Livera - Intro to Bitcoin Austrian thought

Stephan Livera Podcast

CHAPTER

Bitcoin: The Next Bitcoin

Vijay: Bitcoin is the next Bitcoin. It's extremely difficult to dislodge the network effects. There are strong opportunity costs associated with holding any particular money. If you hold more of currency A, that means you necessarily can hold less of currency B. Even a small incremental difference in liquidity in one over another will tend to reinforce itself such that currency A kind of all other things equal tends to win out"

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