The Last Trade E050: Bitcoin’s Monetary Realities with Bitstein

Michael Goldstein, known as Bitstein and curator of the Satoshi Nakamoto Institute, joins The Last Trade for a deep dive into Bitcoin's monetary realities through the lens of Austrian economics. He argues that 21 million is the single most important meme in all of Bitcoin because absolute scarcity is the secret ingredient that makes every other property function correctly. The conversation ranges across the theory of money, why running a full node gives economic certainty, and how Bitcoin handles the full spectrum of trade across space, time, and scale better than any prior monetary good. Mitch Kochman also joins the episode in Michael Tanguma's absence, sharing news of his new role as Chief Revenue Officer at OnRamp and the fundraiser to redesign the Satoshi Nakamoto Institute website for a mainstream audience.