Limited Expansion of Bitcoin is Bad?
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“George Gilder’s pronouncement that Satoshi made a mistake stopping the expansion of Bitcoin because it prevents Bitcoin from being a time-value like gold. I guess it is because gold’s time-value has been consistent over the ages and will continue into the future because gold mining and discovery will continue into the future. This is a real head scratcher. What would happen if there were more humans than the number of Satoshis. The system would have definitely broken down. How many people would it take to brake a Bitcoin economy. I think the average family size is decreasing and ultimately will see 2 for 2 replacement of people. A Bitcoin economy might survive into the far distant future on earth.
On the other hand, our current technology allows us to bring back samples from astroids, our Moon and soon Mars. Maybe Elon Musk will find a way to drive his Tesla now in orbit out to an astroid and bring it back to Earth to mine for gold. Astroid mining could potentially flood the earth with new gold to the detriment of people saving gold and a gold based economy.
I think Mr. Gilder’s pronouncement is wrong. What do you think?”
Jeffrey Pla via Apple Podcasts ·
United States of America ·
08/07/21
More reviews of Stansberry Investor Hour
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“I been following PS for years and he is one of the most un-biased financial researcher. Very clear how he explains complex financial things in simple terms.
Keep the great work!”
RamonMia via Apple Podcasts ·
United States of America ·
01/30/18
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“Yes, I know the commercials can become tiresome, however, there are many gems of info tucked away and some great tips on stocks, ways to avoid misfortune. Some of the guests are unique and offer superb insight into investing. Dan Ferris has picked some terrific values. Worth a listen.”
DEStaf via Apple Podcasts ·
United States of America ·
04/23/19
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“What a turn the show has taken, While I’m appreciative of the education I’ve received in earlier episodes, I find my time being wasted listening to Mr.P and Buck rant about politics more than finance. It seems to get worse every episode. I share plenty of the same political views, but that’s...”Read full review »
OvumWines via Apple Podcasts ·
United States of America ·
10/08/18
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