What Is Money? (And Why Bitcoin Matters)

In this episode of The Jack Mallers Show, Jack discusses the concept of money, differentiating it from commodities and investment goods. He argues that money is a technology for coordinating value across time and space, not meant for consumption but for saving and exchange. Jack critiques silver as a poor form of money due to its consumability and elastic supply, contrasting it with Bitcoin, which he champions for its scarcity, durability, divisibility, portability, and costly production tied to time. He touches on economic concepts like stock-to-flow ratio and the implications of consuming monetary assets, ultimately advocating for Bitcoin as the superior monetary technology amidst potential future inflation. The episode also includes updates on Strike and 21, two companies he is involved with.