The "What is Money?" Show
Bitcoin through the lens of Buddhism with Scott Snibbe (WIM455)
Apr 5, 2024
Scott Snibbe, an expert in Bitcoin and Buddhism, discusses the intersection of spirituality and technology. Topics include freedom in Buddhism, replicability in Bitcoin, human nature and ethics, and the concept of love in relation to economics. The conversation delves into the role of Bitcoin in promoting altruism and ethical behavior while challenging traditional beliefs about money and ownership.
01:29:26
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Quick takeaways
- Bitcoin's value is unique due to its scalability and predetermined cap of 21 million, making it adaptable to humanity's expansive needs.
- Despite negative trends, historical data shows significant poverty reduction over time, emphasizing positive human progress.
Deep dives
Bitcoin: A Currency that Can Expand to Buy Planets
Bitcoin is considered a unique form of money due to its flexible nature. Unlike traditional currencies tied to assets like gold or central banks, Bitcoin's value is predetermined with a hard cap of 21 million, making it scalable to encompass vast aspirations, expanding to meet humanity's needs.
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