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#239 – Niall Ferguson: History of Money, Power, War, and Truth
Lex Fridman Podcast
Is Bitcoin a Response to the Financial Crisis?
I don't think Bitcoin was devised by Satoshi, whoever he was, for fear of a breakdown of the fiat currencies. I'd rather think of Bitcoin as the first attempt to solve the problem of how do we pay for things in what we must learn to call the metaverse. What Bitcoin represents is an alternative mode of payment that really ought to render banks obsolete. We've now reached the point that it's pretty hard to imagine it all being killed, and it's just survived an amazing thing, which was the Chinese shutting down mining and shutting down everything. Still, here we are, in fact, crypto's thriving.What we don't know is how much damage ill-judged regulatory
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