SLP71 Stephan Livera - Intro to Bitcoin Austrian thought
Stephan Livera Podcast
The Origins of Money
Bitcoin should be understood as this kind of revolutionary technology that enables a new form of money. It's not so susceptible to centralization or co-opting as it has been in the past historically, he says. Bitcoin is different because it's digital and it achieves a certain level of digital scarcity - which was not possible before. And what we can understand is that there's strong tendencies towards convergence, towards the best few will become money at the same time,. But I don't think government had to come out and say, 'This particular good is the one you want'
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