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WiM047 - The Saylor Series | Episode 11 | The Failures of Fiat
The "What is Money?" Show
The Three Fundamental Defects of the Fiat Standard
The base layer is collapsing. The second problem of the fiot standard is confiscation. Your property rights are weak. You literally bought swampland, and in florida that's sinking. And so these are three fundamental defects with the fiat standard. So there's just this kind of conundrum we've been stuck between historically. And bit coin is like the answer.
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