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WiM047 - The Saylor Series | Episode 11 | The Failures of Fiat
The "What is Money?" Show
The Base Layer Protocol of Fiat Is Defective
The base layer protocol of fiot is defective. It's a, it's a quasi, it'san imperfectly heterogeneously shared, right? Mutable, incorrect ledger. And i guess with security fraud, what i mean by that is there's no way for you to transparently authenticate or or assure yourself that the that the application is properly constructed and properly backed rigt. You're destined to have that someone says, we have two billion dollars in reserves, but they don't, but you don't know they don't.
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