SLP71 Stephan Livera - Intro to Bitcoin Austrian thought
Stephan Livera Podcast
Bitcoin's decreasing inflation rate and the importance of using the hardest money
Bitcoin's inflation rate is currently around 4%, but with lost coins accounted for, it might be 5-6%. However, after the next halving, it will decrease to 2-3%, then 1-2% after the next halving. This trend makes Bitcoin increasingly scarce, potentially leading people to prefer storing value in Bitcoin over traditional money. Historical examples illustrate the risk of using less 'hard' money, such as European settlers exploiting African groups using glass beads as currency. Murray Rothbard's book 'What Has Government Done to Our Money' highlights the corruption and centralization of banking throughout monetary history.
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