#26: Erik Townsend On The Intersection Of Distributed Ledger Technology And Global Macro Investing
Superinvestors and the Art of Worldly Wisdom
The History of Money
I see two really big opportunities. Number one, why do fiat currencies usually end up collapsing in the end and everybody who still holds those currencies ends up losing their money? It's usually through irresponsible actions of government. What digital currency technology gives us is the opportunity to create effectively a better monetary system where governments don't have the ability to just arbitrarily change the rules after the fact. If you wanted to go back to a representative money system, which means you're using something like paper bills or digital tokens is the case maybe that are not commodity money, but they're backed by a vault someplace as we had when we had the gold standard behind the US dollar. You've got a much better
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