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Bitcoin and Progressive Politics w/ Margot Paez

Bitcoin Magazine Podcast

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The 21 Million Bitcoin Cap Is Scary

Mark O'Mara: The 21 million cap is scary because they feel like, how am I going to be able to provide enough money in times of a crisis? And they also see that the cap as deflationary and they were about worry about debt deflation. But on the other hand, you can actually create colored Bitcoin. You can have chamois mince, right? You can create IOUs. So with the caveat that you still have to hold a certain amount of Bitcoin in reserve, which then really shows the value and the goodness of that currency That's true. All that is a true analysis.

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