Latest / The Jack Mallers Show
Lesson 1: How Can Bitcoin Be Worth Anything?
Bitcoin doesn’t generate cash flow or represent ownership in a company. No government guarantees it. There is no metal sitting in a vault that you can redeem it for. It is information on computers, which makes the skeptic’s question reasonable: why should it be worth anything?
Join the revolution: https://strike.me/CHAPTERS00:00 How can Bitcoin be worth anything?01:00 Why economics exists01:35 Value is not inside things04:43 Scarcity and the human condition09:39 What makes something an economic good?13:09 Why value changes17:18 Who decides what is valuable?18:46 The water and diamond…
The skinny
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