The "What is Money?" Show cover image

Bitcoin and US Geopolitical Strategy | The Jason Lowery Series | Episode 5 (WiM149)

The "What is Money?" Show

00:00

Taking Responsibility to Prevent a Loss of Users

Gold emerged as the common monetary network because it's good at measuring value. But there was fundamental tensions that contributed to a gold ended up and not work as a monetary system r at least. As you increase the number of users that join this mass base monetary system, then at the same time, you're pissing off the users that exist because you are debasing them. Does that make sense? Like there's a limited amount of gold, its its a scarcity is what preserves its value. Storage is what is what creates its value, storage capacity. And so if you have a monetary system that can't scale to meet all these new users, then it sucks as a network. It's

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app