84. Hard money and time preference: Lecture at the Property & Freedom Society
The Bitcoin Standard Podcast
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Bitcoin Is a Purely Voluntary, Monitary Phenomenon
We've never had a monetary system like this where the supply is completely independent of demand. So if five people in the world are using bit coin to day, there will only be 18 point nine million bit coins to day. And ill continue to drop by half roughly every four years until it goes to zero and the supply stops increasing. In practice, the most prevalent use case for bit coin has been its use as a store of value or as a saving account. All bitcoin does is that, approximately every ten minutes, it produces a new record of ownership,. reflecting around three thousand transactions re allocation of existing coins. This has never failed and has never produced a fraudulent transaction. Sobitquin is
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