Everyone's a Speculator (The Bitstein Brief)
"Money itself is not free from uncertainty and speculation. Anyone who acquires money is speculating that the acquired cash balances will be more valuable in the future than any present investment and that the purchasing power in the future will be at a satisfactory level. Bitcoin may be a speculative asset, but so is the US Dollar.
For the case of money, we can examine how well the qualities of a good allow it to withstand different kinds of uncertainty, whether through its natural properties or human engineering, so as to be most capable of commanding the highest marketability of all goods. This does not guarantee adoption of that monetary good, but it does allow us to make sense of the adoption that does happen and make a judgment about whether adoption can or will continue."
https://fountain.fm/episode/12919404929
Michael Matulef
npub1t4…487qz
2023-02-02 16:46:05
Author Public Key
npub1t42gfjzfv74v8xrv65f2lrwd65jr85ysrtdmkkfrvqgcss5r4g0qk487qzPublished at
2023-02-02 16:46:05Event JSON
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"content": "Everyone's a Speculator (The Bitstein Brief)\n\n\"Money itself is not free from uncertainty and speculation. Anyone who acquires money is speculating that the acquired cash balances will be more valuable in the future than any present investment and that the purchasing power in the future will be at a satisfactory level. Bitcoin may be a speculative asset, but so is the US Dollar.\n\nFor the case of money, we can examine how well the qualities of a good allow it to withstand different kinds of uncertainty, whether through its natural properties or human engineering, so as to be most capable of commanding the highest marketability of all goods. This does not guarantee adoption of that monetary good, but it does allow us to make sense of the adoption that does happen and make a judgment about whether adoption can or will continue.\"\n\nhttps://fountain.fm/episode/12919404929",
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