3min chapter

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David Friedman - Dating Markets, Legal Systems, Bitcoin, and Automation

Dwarkesh Podcast

CHAPTER

The Unexpected Developments of Bitcoin

In 2008, the same year that Satoshi Nakamoto writes his white paper on Bitcoin. In some interesting ways, what Bitcoin actually was was just a completely different paradigm than what you imagined E-cash being. The problem with Bitcoin, but not with cryptocurrency in general, is that the value of a Bitcoin is very unstable over time. That makes it rather inconvenient if you're using it for day-to-day transactions.

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