Episode 7: Flywheels and the Bitcoin Black Hole | The Bitcoin Advocate Podcast
A flywheel, or more scientifically known as a "positive feedback loop", is a system where the output of that system is also the input that's needed to keep the system going. For example, things like social media, emails, fax machines, and Blu-ray players, are all examples of flywheels. Today we go through how bitcoin leverages the idea of flywheels to become the superior store of value, and how bitcoin threatens to eat away at the value of other assets such as gold, bonds, and real estate.
Timestamps:
0:00 Intro
1:34 Getting paid in bitcoin
3:48 Flywheels
10:05 Bitcoin as a store of value
11:54 Real Estate as a store of value
14:00 The Bitcoin Black Hole
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Bitcoin (Lightning Network):
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