Bitcoin and Cryptosovereignty with Erik Cason (WiM293)
The "What is Money?" Show
00:00
The Danger of Fiat
Fiat is a technology that was developed for real reasons around a state of emergency. It's only after this long end of having money printed, being told it's for a benefit, watching inflation, watching billions of people lose their wealth that we can finally recognize the true danger to something center. The saving power is having a fixed monetary supply that no one can have control over that can't be debased. We had to go through this in order to get to Bitcoin.
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