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WiM047 - The Saylor Series | Episode 11 | The Failures of Fiat
The "What is Money?" Show
Is Fiat Really Bad?
Fiat currency is not worth the trade off even, ah, that we made for it, right? Ah. So ever, this conundrum of money we talked about, you can have gold, which is a trust minimized asset, holds its value really well over time because its supply is relatively predictable. Yet it comes with extremely high transaction and security cost. And in a historic we just didn't have a good option. We've just had a boom and bust in civilization driven by this technological conundrum between gold and currency. But each one can't do the opposite, right? Gold does not express well across space. Fiot does not hold its value over time. Wr, we cannot
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