Beyond Digital Gold: Unveiling Bitcoin's Potential as a Global Payment Network with Eric Yakes

In this episode I brought on Eric Yakes to discuss the properties and potential of Bitcoin. He emphasizes bitcoin’s decentralized nature and compares it to previous forms of money, highlighting its immutability and the ability to produce, store, and verify it in a decentralized manner. We also discuss the properties of scarcity, portability, divisibility, durability, and saleability, noting that Bitcoin seems to excel in these areas. We talk about how Bitcoin can provide an alternative monetary system, particularly in countries experiencing economic crises and inflation. The discussion also explores the evolving narratives around Bitcoin, beyond the digital gold analogy, and its potential to become a global payment network and the base layer of a new financial system. Iff Bitcoin achieves its full potential, it can bring about a neutral and independent monetary network, enhancing freedom and property rights worldwide.

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