Episode notes
*RH Story
*OrangeCoin good
*Anti academic
*Sharp ratio
*MT GOX OG
*4 book series the value of bitcoin (started as a news letter) orangecoin good is the first
*If bitcoin is not backed by anything how is it valued?
*Orangecoin good - for precoiners around 18K
*Bitcoin not shitcoin
*Number go up - how do we measure the worth of things
*Bitcoin fixes this
*Metric of inner subject value - subjective appraisal
*The dollar as a metric
*Gold was used because it was hard to produce, it failed because it was hard to transmit
*Rival excludable digital good
*Why bitcoin and not shitcoin
*Bitcoin is really 3 things : money, a network, a social network
*You can fork a chain, you cant fork the people
*At $1M per BTC, a satoshi costs one cent—a penny stock. That’s when the real FOMO moon pump begins.
*Unit biased
*Issued vs unlocked
*Time preference - conservation of preference
*Twitter contact: @jimbocoin
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Intro music by @CryptoContagion
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