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#171 – Anthony Pompliano: Bitcoin
Lex Fridman Podcast
What Is Money?
When you think about what is money, that's kind of the first question people really kind of go down and grab a hold on. And ultimately, today, it's a belief system. It was historically, a layer one technology was gold. You knew if you held gold, it wasn't going to be inflated away. That optimization for store of value served as the bedrock of the entire stack of money for 5,000 years. But then 1971 comes around and obviously we deep-peg from that gold,. And it was a temporary measure at the time, we ended up not going back to it. The Bitcoin community says no, just like gold had never been this easy to transact with.
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