THE Bitcoin Podcast
Bitcoin is the Signal - Phil Geiger (Bitcoin Talk on THE Bitcoin Podcast)
Feb 2, 2024
In this Bitcoin Talk episode, Phil Geiger, VP of Product Marketing at Unchained, discusses various topics including the shift to Bitcoin as a savings technology, the flaw in fiat currency economics, Bitcoin's fixed supply, the implications of halvings, the use of Bitcoin as a political weapon, Bitcoin mining, and the potential benefits of Bitcoin mining for the energy industry in Texas.
01:41:59
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Quick takeaways
- Bitcoin's fixed supply of 21 million ensures its value and prevents debasement like fiat currencies.
- The narrative around Bitcoin is shifting, with claims of criminal use, but increasing institutional adoption provides protection against these baseless attacks.
Deep dives
The importance of a fixed supply in Bitcoin
Bitcoin's fixed supply of 21 million is crucial for its value. This ensures that the currency cannot be debased like fiat currencies. While miners and nodes play important roles in the Bitcoin network, it is ultimately the individual participants who enforce the fixed supply. By saving in Bitcoin and not accepting copies or alternative cryptocurrencies, participants maintain the scarcity and value of the original Bitcoin.
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