First said · Ep 19 at 24:01
“This fixed supply that is credibly enforced by the consensus protocols, this is really, really important, because now we have a constant in economic calculations.”
Ideas / The economic constant
The economic constant
6episodes
13first heard, 2021
69most recent, 2023
Said now · Ep 69 at 12:22
“The out of what calculation becomes exponentially more beneficial. It's perfect clarity.”
The listening path
- 13
The Bitcoin Dividend
Bitcoin pays a yield without a scheduled dividend. With supply fixed, every unit of energy anyone unlocks and saves into it raises the claim of every existing holder, so…
- 19
T.A.S.O.E. & Value Investing in the Bitcoin Age
Warren Buffett's index-fund advice, taken to its end, leads to Bitcoin. Its fixed supply makes it a claim on TASOE, the total accessible supply of energy humanity…
- 23
The Holy Grail: Unit of Account
Switching your personal unit of account to bitcoin, the first economic constant, strips variables from every decision. A small group of early adopters gains an…
- 65
Unlocking Value
Bitcoin's absolute scarcity is the first true economic constant. Putting your energy reserves into it makes you a more accurate allocator than anyone still measuring…
- 69
The Missing Variable
Every opportunity cost calculation has been missing one variable: how many units of money exist. Bitcoin makes that number knowable, fixed and unmanipulable, which turns…
In the show’s words
So next time you start thinking in your fiat brain, you have to ask yourself out of what? Out of what is the question?
Ep 69 · 18:25
You can't blame the variable you couldn't identify before now.
Ep 69 · 19:42
It is an exact figure that cannot be manipulated, that we all know for sure cannot be changed by you, by me, by the most powerful governments and people in the world. No one can change it.
Ep 69 · 16:47