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#1147 Matthew Ferranti | Harvard Says Bitcoin Is Sanctions Hedge
The Pomp Podcast
What Are the Benefits of a Centralized Financial System Versus a Decentralized One?
The New York Fed holds gold belonging to about 36 different international organizations and central banks. In a centralized system, you have lower transaction costs because you have these central clearinghouses that can facilitate transactions. The traditional sort of Western financial system is well regulated and stable. And so that also makes an attractive place to store and custody assets.
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