• Ep #3 Bitcoin "competition" discussion

  • Aug 27 2023
  • Length: 1 hr and 4 mins
  • Podcast

Ep #3 Bitcoin "competition" discussion

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  • Summary

  • Global Money creation doubles ever ~6 years (US doubles every ~8 years). This website has a really informative table that shows the change in Global money over time.  https://porkopolis.io/basemoney. 

    Global money creation will lead to Bitcoin adoption. As Bitcoin moves up the adoption of innovation curve then the network value will increase at a rate of money creation (14% CAGR) + some premium for adoption + some premium for increasing scarcity (halvings). 

    Global money creation is a constant over thousands of years. You can count on death, taxes, and exponential money creation by governments, banks, and central banks. MONEY CREATION IS THE ROCKET FUEL FOR BITCOIN ADOPTION AND VALUATION. 

    In this episode I discuss potential Bitcoin "competition" below and why Bitcoin is a budding monopoly (due to network effects) on the creation of the world´s first scarce money (that can be easily transported, used, and stored). 

    - Countries
    - Bank
    - Corporations
    - Famous people
    - Eth
    - Altcoins

    Peace, Love and Abundance 
    -Michael
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