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Satoshi Chain
adamjsim
20 episodes
2 days ago
Satoshi Chain dives into the ethics, myths, and realities of money, breaking down the misconceptions that wealth is solely earned through hard work in a meritocracy. It explores how narratives from parables to political rhetoric shape our understanding of work, value, and the financial system. Through the lens of cryptocurrency and blockchain technology, the podcast examines the cracks in traditional economics, the concentration of wealth, and the forces behind societal skepticism of Bitcoin and other decentralized assets.
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Investing
Business
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All content for Satoshi Chain is the property of adamjsim and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
Satoshi Chain dives into the ethics, myths, and realities of money, breaking down the misconceptions that wealth is solely earned through hard work in a meritocracy. It explores how narratives from parables to political rhetoric shape our understanding of work, value, and the financial system. Through the lens of cryptocurrency and blockchain technology, the podcast examines the cracks in traditional economics, the concentration of wealth, and the forces behind societal skepticism of Bitcoin and other decentralized assets.
Show more...
Investing
Business
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Bitcoin and Black Swans: How Bitcoin Critics Fail at Scientific Inquiry
Satoshi Chain
10 minutes 22 seconds
10 months ago
Bitcoin and Black Swans: How Bitcoin Critics Fail at Scientific Inquiry

The podcast, "Why Everyone Is Wrong About Crypto," uses a scientific approach to analyze the criticisms of Bitcoin. The author argues that most critics rely on the greater fool theory, which posits that Bitcoin is worthless and only has value because people are willing to buy it at increasingly higher prices. This theory predicts that Bitcoin will eventually crash to zero, yet this prediction has failed to materialize over the 15-year lifespan of Bitcoin. The author points out that this makes the critics’ argument unfalsifiable and therefore unscientific, as they refuse to adjust their theory based on real-world observations. The author urges critics to adopt a more scientific method, incorporating the observed price action into their analysis and considering the possibility that Bitcoin may actually hold value.

Satoshi Chain
Satoshi Chain dives into the ethics, myths, and realities of money, breaking down the misconceptions that wealth is solely earned through hard work in a meritocracy. It explores how narratives from parables to political rhetoric shape our understanding of work, value, and the financial system. Through the lens of cryptocurrency and blockchain technology, the podcast examines the cracks in traditional economics, the concentration of wealth, and the forces behind societal skepticism of Bitcoin and other decentralized assets.