Response to Jeff Snider's Criticism of Bitcoin - E244
In this episode, I breakdown and respond to Jeff Snider's opposition to a bitcoin-based system as a replacement for our current credit-based Eurodollar system.
As listeners to this podcast know, I've been pretty well convinced of the Eurodollar system framework. Jeff Snider is the primary expert on this field today, and his popularity has started to spread rapidly.
Though Jeff is an expert in the current system, his critique of bitcoin leaves room for improvement. In this episode, I breakdown part of a recent podcast he was on where he tried to summarize his opposition to a bitcoin-based system as a replacement for our current credit-based system.
Here is the original video. The interesting bit starts around the 54:00 mark. https://youtu.be/fFJK9HwSJ94?t=3295
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