The "What is Money?" Show cover image

The $1M Bitcoin Bet with Balaji Srinivasan and Alex Gladstein (WiM289)

The "What is Money?" Show

CHAPTER

Bitcoin Is Not Your Key, Not Your Coin, Right?

Physical gold was defeated by the state in the early 1930s. Even if you did buy a physical block of gold, it's not like useful in a modern economy,. It's might be useful for a central bank or something, but first heavy second is it's hard to value For somebody who's just like looking at it, you know, you need like special instruments or whatever to see if it's true gold or full scold. Third, you can't really chip off a flake too easily and give it to somebody, right? Fourth is when you sell it to somebody OTC, you can’t get a price for it very easily. All of that kind of stuff

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