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4min chapter
#176 – Robert Breedlove: Philosophy of Bitcoin from First Principles
Lex Fridman Podcast
The Three Choices of a Winemaker
A winemaker that's accustomed to selling wine at $20 a bottle is now faced with basically three choices. Prices are the most visible aspect of any service, so when you increase prices, you are incentivizing your customers to look elsewhere. Bitcoin has the first money in history that has a 0% terminal inflation rate or said differently, zero unexpected inflation. It is the antidote to this moral cancer that inflation riddles society with.
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