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030 - Knut Svanholm: Seafaring, Praxeology & Bitcoin Spirituality
Free Cities Podcast
The Cost of Consensualism
When we have absolutely sound money that lives in your head and can be teleported anywhere on earth without anyone being able to do anything about it, that enables... That means that that money will probably go up in value in comparison to everything else on earth forever. And it's also deflationary because more bitcoins will be lost than new ones mind. The supply shrinks, the demand grows, or even if the demand stays the same when we're on sort of the top of the adoption S-curve, supply still shrinks Because bitcoins will belost. What this means is that we all have an incentive to lower our time preference, increasing the scarcity of the bitcoins that are left on the
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