Money: The Most Beautiful Lie? with Santiago Velez (WiM090)
The "What is Money?" Show
00:00
The Bitcoin Network Is a Game of Whacka Mole, Right?
The state's revenue base, in terms of a number of peopleis just contracting. But the cost don't contract for the state, right? They keep growing. So they're going to tax the individuals that remain harder and harder. That increases the pressure of outflows from fiotn s network, bidcoin consensees network,. Because they're being taxed harder and harder through inflation. It's like squeezing a bar of soap. Yes? How do you squeeze it the faster? It slips outsup setile at that. And it'll be a game of whacka mole for a while. What i don't know is the rate, at the rate at which these flaws will
Play episode from 59:27
Transcript
