10 Things You Need To Know About Bitcoin #1: The Money Printer | 013
They will never stop printing more money. Ever.
One Way Ratchet · Trent Nutting, Dan Felger
November 6, 202338m 55s
Audio is streamed directly from the publisher (cdn.simplecast.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Dan and Trent launch 1st of 10 part series for people new to Bitcoin.
Part 1: The Money Printer
- Meet Trent!
- Brief intro into why we are doing this
- Mo Money Mo Problems
- Basic thesis statement: human beings with a money printer will use it - and never stop
- Picture if you had a money printer. Would you use it?
- Basic human incentives. Politicians never want to give up proximity to money machine
- Money supply grown over 20x since 1971 - view chart
- We used to be on a gold standard for hundred of year - and society flourished
- Everything changed in 1971 when Nixon took US off the gold standard
- Todays's song: Mo Money Mo Problems by Notorious B.I.G.
Topics
bitcoin