Bitcoin & The Greater Fool Theory - BBP94

from Beef and Bitcoin · host Beef Andbitcoin

Join CH as he discusses a recent Forbes article "Why Bitcoin Is Valuable - Debunking The ‘Greater Fool’ Theory".  The article compares bitcoin to oil in the early 1800s and how it became very useful as fuel. Oil wasn't useful when it was first discovered because people were unsure of what to use it for. Just as engineers tinkered with oil, engineers are tinkering around with bitcoin and learning about what it can do. They're also figuring out new ways to use bitcoin and interact with it. Bitcoin is frequently compared to gold, and bitcoin "as a savings technology" is a narrative that is gaining popularity. Both bitcoin and gold have a different set of trade-offs that make them useful as a store of value, and many are trying to determine just how valuable that use case is. All of this and more.   https://www.forbes.com/sites/matthougan/2020/06/17/why-bitcoin-is-valuabledebunking-the-greater-fool-theory/#656fdbbe3c12

What this episode covers

Join CH as he discusses a recent Forbes article "Why Bitcoin Is Valuable - Debunking The ‘Greater Fool’ Theory". The article compares bitcoin to oil in the early 1800s and how it became very useful as fuel. Oil wasn't useful when it was first discovered because people were unsure of what to use it for. Just as engineers tinkered with oil, engineers are tinkering around with bitcoin and learning about what it can do. They're also figuring out new ways to use bitcoin and interact with it. Bitcoin is frequently compared to gold, and bitcoin "as a savings technology" is a narrative that is gaining popularity. Both bitcoin and gold have a different set of trade-offs that make them useful as a store of value, and many are trying to determine just how valuable that use case is. All of this and more. https://www.forbes.com/sites/matthougan/2020/06/17/why-bitcoin-is-valuabledebunking-the-greater-fool-theory/#656fdbbe3c12

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Bitcoin & The Greater Fool Theory - BBP94

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This episode was published on June 21, 2020.

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