AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
5min chapter
Only Individuals Engage in Action | The Twilight of Gold Series | Episode 9 (WiM174)
The "What is Money?" Show
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
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode