34. Michael Saylor on The Fiat Standard
The Bitcoin Standard Podcast
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The Opportunity Cost of the Fiat Standard
I think the upside of where we would be is almost unimaginable for people in our position, but I think the bare minimum would be that basic technology would be far cheaper all over the world. It's not that expensive to build an engine that gives you 24-hour electricity. If they had had gold for the last century, it would be almost trivial for people to be able to secure a modern house with electricity and running hot water as a basic infrastructure. The reason that many people in the world don't have it is because they have bad money that just continues to lose value.
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