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That it allowed some users to actually make a full-time living solely from posting on Twetch (depends on where they live obv).

I agree, but you get different results based on how costly each action is. So the higher you make the cost, the less you're going to attract and retain new users. So you could end up with an app that stays small and caters to a small group of enthusiasts.

So this would limit the amount of engagement because people would apply some level of moderation to how often they interact. Twetch arguably has too much friction for each action, not making it the most seamless/smooth user experience.

You need to initially have bitcoins to use Twetch which is a barrier to onboarding new users. Also, the cost of each interaction is not small enough to the point where users can post without having to make a conscious purchasing decision each time.

His main point is that purely increasing the number of goods/services you can exchange for a money increases the value of that money period. Makes sense given that the value of money is based on the goods/services you can exchange for it in the future.

I think it would be a good idea next time to have them steel man each others' arguments first.