What Bitcoin Did with Peter McCormack
What Does Bitcoin Actually Fix with George Kaloudis
Mar 8 2023 • 1hr 18m
Show Notes
Activity
@emcot3d
314 sats
Mar 8 2023
Great interview. Bitcoin distribution will trend towards those who work for it. Rich people need to pay for stuff- their wealth will distribute. If they simultaneously provide value and earn more and get richer, good for them. Family businesses typically fail in three generations because by the third, those grandkids are net sellers of value into the world. The same will be true for huge HODLed stacks. HODLers are important for this first generation of bitcoiners because ngu matters for growth.
@ryachart
313 sats
Mar 9 2023
George, Please Read the Bitcoin Standard. The concept of economizing, and the idea that no one can economize effectively for anyone else, is the fundamental thing that all people do every day that Bitcoin fixes. With a common tool for measuring and economizing the cost of human time, many problems that are rooted in a failure to economize properly with simply stop being problems.