The point (from 25:12) about Nakamoto's original bitcoins being moveable but not exchangable/tradable (because nobody valued them) really clarified something for me.
It's only through the mystique they acquired that they became valued, and through that value that they acquired a price, and through the price that they became (temporarily?) exchangeable/countertradable.
So clear, and so appreciated. As was the reminder that gold too is not a currency, yet has great countertrade value through its millennia-deep cultural mystique.
"It's only through the mystique they acquired that they became valued, and through that value that they acquired a price, and through the price that they became (temporarily?) exchangeable/countertradable" - absolutely
I find this „free riffing“ very effective. If this format saves you time, by all means, keep it coming.
For sure - I like making more structured videos at certain points, but the improv stuff is kinda more fun
Fantastic video Brett.
The point (from 25:12) about Nakamoto's original bitcoins being moveable but not exchangable/tradable (because nobody valued them) really clarified something for me.
It's only through the mystique they acquired that they became valued, and through that value that they acquired a price, and through the price that they became (temporarily?) exchangeable/countertradable.
So clear, and so appreciated. As was the reminder that gold too is not a currency, yet has great countertrade value through its millennia-deep cultural mystique.
Super helpful, thanks.
Thanks my friend
"It's only through the mystique they acquired that they became valued, and through that value that they acquired a price, and through the price that they became (temporarily?) exchangeable/countertradable" - absolutely
I do appreciate your criticism, and I have to admit you also make me laugh with your faces and your $9000 pizza.