131. Adventures in Late Stage Fiat: Russia with Lana Nagornaia
The Bitcoin Standard Podcast
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Is There a Gold Standard in China and Russia?
Gold standard severely limits the ability of governments to spend money. It's also very expensive and cumbersome, especially for a global economy. The only way to verify one of these bars is you have to melt it down and verify that there's only gold in it. We can't have a stable equilibrium around e dollar any more. bit coin will fix all this - but not before we see what happens next.
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