Only Individuals Engage in Action | The Twilight of Gold Series | Episode 9 (WiM174)
The "What is Money?" Show
00:00
Lenders Will Just Want Some Accuracy, Right?
Lenders will just want some assurance. At least it's dummy proof. Like, i believe in your talent, but i don't believe in your ability to self custody a few million dollars, a bitcoin, or several years worth of wages. So i'll loan it to you, but you have to keep it somewhere reputable and safe,. And then they'll give you the spending instrument the media, feduciary media, to spend that feels like a use case for some type of fiod or subtute money substitute. Yes. I think it'll and again, that's why the gold standard is such a great comparison. But, though palle's pretty complimentary to central banks, they
Play episode from 19:19
Transcript
