Why You Don't Want Bitcoin To Have A Use Case Outside of Money
Oliver fervently discusses Bitcoin's exclusive role as pure money, challenging misconceptions and emphasizing its historical significance. He delves into Aristotle's qualities for preserving value, stressing the importance of scarcity. The episode, delivered with conviction, urges a profound understanding of Bitcoin's distinct qualities.
He explores the essence of money and why Bitcoin, in his view, stands out. He draws a historical context, emphasizing that past forms of money, like gold, had utility beyond just being a store of value, which limited their potential.
Unlike traditional forms, Bitcoin is uniquely designed to be solely money, lacking part-time jobs or utility. Oliver believes that Bitcoin's scarcity, portability, and verifiability make it the ultimate store of value, addressing the pitfalls of previous monetary systems.
This is what is laid out in this talk, which took place on Twitter (X) in December of 2023. Enjoy.
He explores the essence of money and why Bitcoin, in his view, stands out. He draws a historical context, emphasizing that past forms of money, like gold, had utility beyond just being a store of value, which limited their potential.
Unlike traditional forms, Bitcoin is uniquely designed to be solely money, lacking part-time jobs or utility. Oliver believes that Bitcoin's scarcity, portability, and verifiability make it the ultimate store of value, addressing the pitfalls of previous monetary systems.
This is what is laid out in this talk, which took place on Twitter (X) in December of 2023. Enjoy.
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