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Bitcoin and the Sanctity of 21M | The Twilight of Gold Series | Episode 2 (WiM130)
The "What is Money?" Show
Proof of Stake
Fractional reserve serves as a kind of the bridge from proof o work to this proof of stake model enshrined in the modern fiat central bank. Central banking is proof of stake, sitting on, sitting atop gold's proof of work. And bit coin is just, i mean, it is beautiful. It is just created this mechanism for money that has perfect fidelity to energy itself or perfect fidelity to thermo dynamics.
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