
Sound Money for an Unsound World with Robert Breedlove (WiM348)
The "What is Money?" Show
00:00
The Number Zero on Bitcoin
Gold is the only fixed supply asset humans have ever created. It's impossible to create a fixed supply of a physical commodity because you can always find more. But in digital reality, there's this weird thing where it's like if everyone, if social consensus coalesces on this one thing, having a fixed supply, then that is what it will have. And for other reasons, I won't go into if you're interested in these reasons, you could read the piece I wrote called the number zero on Bitcoin. You can only do it once. The reason gold has been such an effective store of value asset and that it's preserved purchasing power consistently over centuries,. Over 5,000 years the
Transcript
Play full episode