
Why Buy Bitcoin w/ Andy Edstrom
Bitcoin Magazine Podcast
00:00
The Best Money Is the Worst at Anything, Right?
The best money is the thing that's worst at anything else. This really took me awhile to get my head around, i think it's karl manger and there's three sort of major classes of goods in the economy. H another example, right, is like a concert ticket or an aeroplane ticket. If you buy a concert ticket for 200 dollars, but it's only ou that's allowed in, right? You can't resell it. What would you be willing to pay for that same ticket if you could transact it? We'd pay some premium. That's the moneyness.
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