
Larry White on Gold, Fiat, and Bitcoin: Determining the Ideal Monetary Standard
Macro Musings with David Beckworth
00:00
How Bitcoin Sold the Insurance Problem
There is a limit to how many bitcoins will ultimately be produced, correct? The initial project had the problem of how do we convince people that once this thing launches, they're not going to have the rug pulled out from under them. And there didn't seem to be a counter example because we didn't have any privately issued irredeemable money until Bitcoin.
Transcript
Play full episode