"we have nearly 11 years of empirical evidence that the network itself has been holding and transacting bitcoin, but instead of with private key signatures, it’s in exchange for hashed electricity."  - Phil Geiger Framing the scarcity of Bitcoin at first seems obvious, but with a closer look, is far more difficult than it would seem. Does the supply actually inflate at all? Does the market price in all future halvings? Do the Bitcoin exist when they are mined, or do they exist today, sold to the miners in exchange for hashes?  Phil presents a very interesting perspective and way of framing the supply of Bitcoin, in this great piece from the Unchained Capital Blog. Check out the original below, and don't forget to follow Phil on Twitter: https://unchained-capital.com/blog/all-21-million-bitcoin-already-exist/ Support the audio for all things Bitcoin by becoming a patron below! patreon.com/thecryptoconomy --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"What’s noteworthy about this point is that, upon this particular halving, Bitcoin “inflating” at a roughly 1.8 percent rate annually will nominally — and by then, quite possibly in real terms — be “inflating” at a rate lower than both the Federal Reserve target of 2 percent per year and current, CPI-based estimates of real U.S. inflation of 1.9 percent annually."  - Peter C Earle Another great piece from Bitcoin Magazine written by Peter C. Earle, detailing the reasons why this next halving will make Bitcoin a true contender in the world of monetary policy. In a very short span, Bitcoin will become the most scarce & strictly defined financial asset on Earth... are you ready? Check out the original article and follow Peter at the links below: https://bitcoinmagazine.com/articles/the-kindest-cut-why-the-2020-bitcoin-halvening-is-the-most-important-yet https://twitter.com/L1KNB Other episodes & links to dive deeper into the discussion from the show: • Stop Calling Bitcoin Deflationary [Conner Brown] https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_314---Stop-Calling-Bitcoin-Deflationary-Conner-Brown-e8p1o3 • Bitcoin Obsoletes All Other Money [Parker Lewis] https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_345---Bitcoin-Obsoletes-All-Other-Money--Parker-Lewis-eahce1 • Efficient Markets & Bitcoin's Stock-to-Flow [PlanB] https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_344---Efficient-Markets--Bitcoins-Stock-to-Flow-PlanB-eaco0i • Guy's Take 26 - The Halving Is Not Priced In https://anchor.fm/thecryptoconomy/episodes/GuysTake_026---The-Halving-is-Not-Priced-in--Heres-Why-eagkrd • Article - The Illusions of Hedonics [Antony P. Mueller] https://mises.org/library/illusions-hedonics --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message