6min chapter

Bitcoin & Markets cover image

Gold vs Bitcoin Debate Reaction, Weiner vs Rochard - Daily Live 28 May 23 | E347

Bitcoin & Markets

CHAPTER

The Importance of an Economic Constant

Gold's utility of the margin is undiminished. How are you measuring that? I mean, it's just so, so wrong. To produce about 3,000 tons of gold, which is worth about $170 billion, that's over half of Bitcoin's current market cap being produced every year in gold. So we can't run a 5,000 year experiment to see what happens at Bitcoin's quantity keeps increasing. Well, yeah, we can kind of, right? We could do a computer simulation. It wouldn't be perfect, obviously, but we could do that. And you can just use deductive reasoning. An experiment doesn't have to be like a real true life experiment

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode