The way we think about Bitcoin is as a portion of the total capital in the world.
Bitcoin, Value Investing & The Automation of Money - Bill Miller IV (THE Bitcoin Podcast)
"When you look at the historical track record of fiat currencies, if you run out the clock long enough, they all go to zero. And that may be what's happening here. Bitcoin is demonetizing arbitrary process. And that's its promise to me."
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1 The way we think about Bitcoin is as a portion of the total capital in the world.
4 A better accountability system than any fiat type of system, meaning this is what I say 5 it's worth, right?
12 We have more immigrants from abroad than the next four largest countries combined.
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It is an accountability system.
That's what money is at its core.
A better accountability system than any fiat type of system, meaning this is what I say
it's worth, right?
It has value because I say it is and I'm in control.
It's ultimately backed by the threat of violence.
That's what fiat is.
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"When you look at the historical track record of fiat currencies, if you run out the clock long enough, they all go to zero. And that may be what's happening here. Bitcoin is demonetizing arbitrary process. And that's its promise to me."
On this Bitcoin Talk episode of THE Bitcoin Podcast , Walker talks with Bill Miller IV, Chief Investment Officer of Miller Value Partners. The conversation explores the nature of Bitcoin as a superior accountability system compared to fiat currencies, value investing and Bitcoin, the importance of property rights, and stability in economic systems.
