6min chapter

The "What is Money?" Show cover image

How the IMF and World Bank Repress the Poor with Alex Gladstein (WiM263)

The "What is Money?" Show

CHAPTER

Bitcoin as a Second Currency

At $4 billion users worldwide, that's the tax base of the US government when they print money. I think over the coming decade, you're going to see more and more countries explore mining Bitcoin because look, it's a permissionless way to make like if you think about the world in a Bitcoin standard, all of a sudden any country can conversion energy into Bitcoin. If you do something that displeases the powers that be your access to dollars gets cut off and then your people starve. So we need a different world where there's one monetary standard that can't be manipulated in this way.

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