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4min chapter
Bitcoin is Insurance on a Failing Financial System with Greg Foss (WiM169)
The "What is Money?" Show
Bitcoin - The Conservation of Energy Theme
"I think the time will come, and we seem to be getting closer to it, as puten moves in his own circles, that global energy will be priced in bitcoin," he says. "That's the conservation of energy principle, the first law of thermo dynamics." He thinks bit coin will eventually be used to price natural resources. When that happens, natural resource energy, when that happens, it will supplant us. Treasuries as the global reserve asset.
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