“Value can be seen differently when measured differently, and that's what Bitcoin does — it starts to measure things differently, as does gold.

What does it mean if the denominator of all the stuff I'm looking at is actually disintegrating in value? The assets themselves aren't getting more and more expensive; the money is being debased, and therefore you can buy less stuff with it. This is a hundred-year time frame and it clearly shows that you can buy as much of the S&P 500 today with gold as you could in 1929. What the hell.”

Jake Woodhouse / Ep.69 / 4:40