Not all contrarians are the same
Debunking Economics - the podcast
00:00
Bitcoin Is Not Money, Is It?
Bitcoin is not backing anything at all. There's no currency tied to bit coin. We had currencies tied to gold only. That's the big difference. Gold ultimately, gold back money. Bitcoin has a weird form of scarcity because in there only 21 million year bitcoin,. You canthewat whats what's the smallest enit of bid corn is a millioneth or a to that you can actually buy that. The number of transactions anoud been intriguig if we can find how many transactions are actually financed by ar scripto currencies. If it was one % of globel, globel trans commerce, i'd be surprised.
Transcript
Play full episode
