Crypto Voices: Episode 72
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Matthew & Fernando update on the Crypto Voices Monetary Base exhibit for 2019 Q1. This episode will be a lot easier if following along with the tweet thread, which is here: https://twitter.com/crypto_voices/status/1131189757554384901
Also exhibits are here: cryptovoices.com/basemoney
Bitcoin is currently #10 money in the world after fiat.
Bitcoin is currently #12 money in the world after fiat, gold, and silver.
Bitcoin is unquestionably unlike anything else in the (financial) world. However, if you are going to try and compare Bitcoin's supply with other supply curves in the financial world, don't. The *only* money supply you can compare it to is fiat's "Monetary Base," or "Base Money."
Firstly, something needs to be used as a medium of exchange to technically be called "money."
Gold and silver used to be.
Fiat is now.
Bitcoin very well could be.
But don't get carried away. We need to compare bitcoin (and gold... and silver) to fiat's "base money" supply, and *only* to the base money supply.
M1/M2/M3 and all others simply aren't comparable. Why? Because those supplies include "claims" on base money.
Listen on to learn more.
Links for more info:
cryptovoices.com/basemoney
Hosts: Matthew Mežinskis, Fernando Ulrich
Music: New Friend Music newfriendmusic.com/
Site: cryptovoices.com/
Podcast & Information
Cryptoeconomics & Liberty
Thanks for listening!
Show content is not investment advice in any way.