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WiM053 - The Saylor Series | Episode 13 | Bitcoin is Cybernetic Life
The "What is Money?" Show
The Nature of Work, or Darwinian Reality A
Bit coins are a microcosm of capitalism. They give those people economically preyed upon the ability to be impenetrable or resistant to the opinions of others. If i hold bit coin, i don't have to worry about what the federal reserve does. I actually want them to print more money because i'm holding an insurance policy on dollar depreciation by holding bit coin. Holding bit coin, being a bit coiner, insulates you from s mbe a bad word,. It gives the competitive features necessary to disregard the predations, or the attempted predations of others. So bitcoins is a total transformation of the incentive system back towards free market principles.
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