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Everything Divided by 21 Million with Knut Svanholm (WiM211)
The "What is Money?" Show
Bitcoin Is a Perfect Representation of the Value of Our Time on This Earth
Money is a representation of the value of our scarce time here on this earth. And bitcoin is a perfect representation of it, because it's as finite as our time on this Earth. So obviously, if you lower the unit cost of establishing trust, then you increase the total output of trust - something like that. Is the first time wehave had a system that is actually able to coordinate all human beings instead of just the human beings in a specific tribe or religion or nationor whatever group.
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