
Bitcoin Fixes This #72: The Fiat Standard with Saifedean Ammous
Bitcoin Fixes This
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The Key Conflation Between Money and Debt
The way you described it for me was, like, it enlightened so many things. Because i think there is sort of like this comflation between these two things. And a lot of people don't realize that they're traded the same way in the onomy right now but really, historically, they're different things. Money is something that you use for settling trade, that is final settlement for trade. A promise from me to deliver you a gold coin in a year is not the same thing as a gold Coin in your pocket to day.
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