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The Number Zero and Bitcoin | Episode 1 | (WiM302)
The "What is Money?" Show
Bitcoin: A New Epoch for Money
In the game of money, the objective has always been to hold the most relatively scarce monetary metal, gold. In the ascension of gold as money, it was as if free market dynamics were trying to zero in on a sufficiently divisible, durable, portable, and recognizable monetary technology that was also absolutely scarce. Like its digital ancestor, zero, Bitcoin is an invention that radically enhances exchange efficiency by purifying informational transmissions. For Bitcoin, this means generating more salience per price signal.
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