
Robert Bonomo - The Case for Bitcoins (Pt. 2 of 2) - PRE-RELEASE
Forum Borealis
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The Divisibility of Bitcoin
MMT, all monetary theory is saying that any amount of money can be produced as long as there's some free productive capacity in the culture. So isn't that true for Bitcoin? No. How can you produce? You can't create Bitcoins. Yeah, you can create it the same way you create money. Because even if there's, let's say there's only 1000 Bitcoins around, right? And a million people want those 1000 Bitcoins. Then it's like one Bitcoin then because suddenly has the value of 10 Bitcoins. It expands in the micro world. That's why it's a pyramid.
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