3min chapter

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#176 – Robert Breedlove: Philosophy of Bitcoin from First Principles

Lex Fridman Podcast

CHAPTER

How Did We Get From Gold to Paper Currency?

As good as monetary metals were, gold was limited in terms of portability. Paper currency gave us the ability to move value across space, but it introduced this attack vector for warehouse operators and banks which became central banks. Added this news button allows you to do a little fraud to get something for nothing.

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