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Stephen Diehl on Web3, Bitcoin & Neometalism

Life Itself Podcast

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Bitcoin - Part Two

Bitcoin is based on the idea of a new type of money, called thic coin. It has been inspired by an austrian school that doesn't believe in gold as sound money. But it's actually significantly bedford gold because instead of having the kind of storage cost of physically moving gold bars around between central banks and treasuries, like we do now. And this is very, very popular. A narrative round bitcoin that is not aly unpamt system any more. We've put on the gold standard a to stealm he best pots of ics. Now we shol use bitcoin, because it's strictly better gold.

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