69. The Bitcoin Machine

<p>In this episode Saifedean talks to regular seminar attendees about why bitcoin operates like a machine. They discuss why – like a washing machine – bitcoin continues to serve people who use it regardless of whether they understand the mechanics of how it works, why bitcoin’s critics are analogous to luddites, and why money should be understood as a private market good, rather than a public good.</p><p><b>Links referenced:</b></p>@s2fmultiple on TwitterFor Ludwig von Mises’ definition of money as a medium of exchange, see “Media of Exchange and Money”, Chapter XVII, in Human ActionFor Murray Rothb...