3min chapter

Against the Rules with Michael Lewis cover image

On Background: Crypto Skeptic Proven Right

Against the Rules with Michael Lewis

CHAPTER

Bitcoin: The New Gold

There's no risk that there are going to be some huge number of new Bitcoin introduced that will inflate away the value of Bitcoin. But I also just think that the idea that like a bad solution is a better solution in a very bad situation does not actually make a very strong argument for that bad solution. And I also think that it isn't scalable in the sense that if, you know, an entire population started to try to flee a country using Bitcoin, it would pretty quickly be stamped down on.

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