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204 - What is Bitcoin? with Robert Breedlove
Bankless
Limitations of Monetary Metals and the Introduction of Counterparty Risk
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This chapter discusses the limitations of monetary metals in terms of moving money across space and how centralized custody of gold inside banks solved this problem. It also explores the problems with the gold standard and its transition to fiat currency, highlighting the implications of this system and the negative impact of central banking.
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