Conversation

Here's my 4+ hour conversation with

about Austrian economics, anarchy, history, money, power, and Bitcoin. He has strong opinions, but they're backed by a brilliance and a systematic way of thinking that makes for a fascinating conversation. youtube.com/watch?v=gp4U5a

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Tom

@TomGC137

May 11

Bitcoin contrary to those who espouse it's limited supply, is infinite supply. You can't infinitely print a supply, but you can infinitely divide a supply. Gold can only be broken down so far. Similarly, bitcoin has a governing body that determines when to fork the code. So, yeah

Terry Witter 

@TerryWitterBTC

May 11

Ok, so you need only one pizza to feed your family, because you can make a lot of tiny slices? Dividing is not the same as unlimited supply. And with your analogy of gold, you can also divide 1 bitcoin up to a 100 million Sats. (But it’s still a falacy)

Replying to

Pizza feeds your family, i.e. it is real; money gets you pizza via a conventional agreement between the exchanging parties, i.e. it is entirely imaginary. Hence money in any form should not be conflated with physical goods because it does not possess the same properties. Bitcoin

7:45 AM · May 12, 2022Twitter for iPhone

Replying to

is perfect money because from the start it is entirely immaterial, and hence it is explicitly apparent that it is only the medium of exchange for physical goods, the properties of which we are free to decide. *It cannot be exhausted away like a pizza because it doesn’t exist.*