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WiM044 - The Saylor Series | Episode 10 | The Death of Gold
The "What is Money?" Show
Is There a Proof of Work Necessary to Produce Gold?
Gold lost relevance in a globalizing society because it wasn't fast enoughnot not fast enough. Not smart enough. Smart not strong enough. Everything that lives in a darwinian world has to be faster, smarter, stronger. You know, the cicadas came after 17 years, and i saw them a month or two ago. And they all come out of the ground at the same time. I thought, those are the stupidest, slowest, weakest creatures i've ever seen. They were literally so stupid they couldn't land on a branch. The greater the institution, the greater the monetary system.
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