Couverture de Episode #196 – What Wealth Is

Episode #196 – What Wealth Is

Episode #196 – What Wealth Is

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Most people misjudge Bitcoin because they have never been given a working definition of wealth. David Deutsch's is the set of transformations you could perform without generating new knowledge, and it explains why a million dollars on a deserted island buys almost nothing, why no fortune in 1924 could buy a cure that didn't exist yet, and why holding a fixed share of a ledger gets more valuable as other people solve problems.
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