5min chapter

The "What is Money?" Show cover image

Bitcoin is Insurance on a Failing Financial System with Greg Foss (WiM169)

The "What is Money?" Show

CHAPTER

Bit Coin

Gace: I came at the valuation of bit coin using the credit default swap market. But it's based on my belief that bit coin is the anti fiat. And being anti Fiat means that it is an insurance policy on a basket of fiits failing. Gace: My advice to everybody out there using that math is you close your eyes and you buy it blindly, because you're getting insurance protection on the us. For fair value, and you're getting everybody else in the world for free.

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