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165. African Startup Cities with Magatte Wade
The Bitcoin Standard Podcast
The Importance of a Fiat Currency Safe
Fiat currency allows governments to be essentially omnipotent. As long as the currency works, then the government can spend as much money as it wants. And so therefore, it can get into wars and not have to worry too much about the issue of financing. It's just such a perverse incentive that fiat money allows simply because it centralizes money in the hands of those who have power. That's what this currency achieves. When you focus on the economics of Bitcoin, you're getting people to move away from the Fiat system much more effectively. So I'm totally going to pick it up. You need to pick itup. I'm going to get them."
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