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In part two of their Fiat vs Bitcoin comparison, Ryan and Terry use a clever Willy Wonka analogy to explain the mechanics of the Bitcoin network and monetary policy. Following the same structure and their previous episode, they explore how Bitcoin would propose to handle the three functions of a monetary system. And in the process, they uncover how Bitcoin could fix some of societies biggest problems.
Also in this episode:
- Three simple thought experiments that can help you envision how the world would be different using Bitcoin as it's monetary system
- The biggest cost that comes with Bitcoin (and why it might be worth every cent)
- How to reduce your risk by understanding the crucial difference between Bitcoin and 'crypto'.
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