4min chapter

The "What is Money?" Show cover image

The Liquidation of Government Debt | The Lyn Alden Series | Episode 1 (WiM187)

The "What is Money?" Show

CHAPTER

Is Bikuin Inevitable?

Bitcoin is the best shot that we have right now, says Satoshi Nakamoto. The temptation to arbitrage and create more claims than gold "is not resistible by human beings," he adds. As long as tail risks don't hit it, bitcoin will continue to be attractive money for commerce - but only if there's no reputational damage or a bug found in its nodes.

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