4min chapter

The Jordan B. Peterson Podcast cover image

189. Is Property Theft? | Dr. Robert Murphy

The Jordan B. Peterson Podcast

CHAPTER

The Virtue of Bitcoin or Cryptocurrency

Hayek had a famous essay Where he was arguing for private firms that could issue name brand currency. So in other words to privatize central banking. But even there you had to trust the reputation or the honesty integrity of whatever those paper notes were. I think the virtue of bitcoin is they have no one in charge of it. It's completely distributed Right and so and but how do you safely spend money and solve that problem to to accurately transfer funds If nobody's in charge of this of the whole ledger.

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