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#244: The Quiet Master of Cryptocurrency -- Nick Szabo

The Tim Ferriss Show

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What Makes Crypto Currency Valuable?

crypto currencies are the exact opposite end of that scale. They are easier to store, easier to transport, and more defensible than almost any other form of money or gold or commodity. The scarcity is an essential, essential part of it. You if it starts inflating on you, then you're sure itgoes down. So in a bit coin world, i can literally write down my bit coin address and keys on a piece of paper and put in a safety deposit box. And its basicllan cold storage. Or it could be the the future that is hereben not evenly distributed. Pobab gets, you can go to palwalto to copa cafe and buy coffe

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