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WiM047 - The Saylor Series | Episode 11 | The Failures of Fiat
The "What is Money?" Show
The Base Layer Protocol Is Defective
The world needs more than just base layer money. The anta fragility of the world economy even is dependent on this simple fact. If we can have higher frequency final settlement, we can have more verifiability in the economic structure which means less corruption and less blow ups. Whereas the fiat system right now is the complete reverse of that. Very low frequency final settlement,. very low verify ability, tons of corruption, lots of blow up.
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