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Saifedean Ammous: The Bitcoin Standard

Crypto Voices

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The Bitcoin Standard Is a Medium Exchange

The medium of exchange is still the dollar or whatever currency you're using down your credit card or the paypal that currency itself is the medium of exchange. imagine if tomorrow the world central banks all met together and said bitcoin is going to eat our lunch  and replaced their money reserves with bitcoin. We don't need bitcoins trustless payment bitcoins incredible level of security for daily transactions we do need it for high-value settlement transactions.

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