AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
2min chapter
BTC117: Bitcoin and the Start of the Information Era w/ Luke Broyles (Bitcoin Podcast)
We Study Billionaires - The Investor’s Podcast Network
What's the Difference Between Productivity and Compensation for Wages?
We see a clear distinction here in 1971 and productivity's got up well over 200%, but compensation's only got up 100%. And you know, Preston, one of the frustrating things for me, even though I'm a young person, a lot of young people don't understand Bitcoin yet in this whole idea. All of a sudden everything with the brute force physical cost goes up and it's denominated price because we're corrupting that measure of value at which we measure things. We have instead directed incentive towards financial management and planning more less speculating on what the Federal Reserve or banks are going to do with the supply of money.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode