What will Bitcoin do to central banks?steemCreated with Sketch.

in #bitcoin6 years ago

I had the pleasure to discuss the many problems of central bank fiat currency and why Bitcoin is a great alternative with much prospect. Niko Laamanen, a young Bitcoin entrepreneur, hosted this very informative conversation with Sami Miettinen, a experienced investment banker and fiat hodler and me, entrepreneur and Bitcoin enthusiast.
We discussed how the different economic schools explain the origins and value of money. Monetarists favor a centrally controlled medium of exchange with a stable purchasing power. Austrians prefer a voluntary and neutral money with only a minimal and steady increase in the money supply.
To find out which school can actually explain why Bitcoin is valuable, check out the video below!
We had a blast recording our debate and hope that you get as much value out of it as we did!

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