15.5 What Problem Does Bitcoin Solve? || Stephan Kinsella
Wasabi Wallet
Kinsella argues money solves two problems: eliminating barter's double coincidence of wants, and enabling economic calculation through price signals. Increasing money supply doesn't address either function—any quantity enables the medium-of-exchange role, while pricing efficiency depends solely on money's existence. A $1M bridge versus $2M boat clarifies resource efficiency; barter makes such choi

https://relay.towardsliberty.com/c72f3a3c9ef5df7165357fdd6fa3ec8154d3f1256cb0822902e34e3b0e435893.mp4
May 21, 2021