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Guest Episode: Mises Institute with Jeff Deist: The Fiat Standard

The Bitcoin Standard Podcast

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The Fiat Liquidator

With Fiat, the way that Fiat is mined is that debt is created. With Bitcoin, we mine Bitcoin using computers that run complicated mathematical problems. The value stored in Bitcoin is constantly getting amplified because of what I like to call Bitcoin is the number go up technology. And so more demand just continues to raise the price upwards. It basically allows us to liquidate the Fiat system in a neat and orderly manner.

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