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WiM047 - The Saylor Series | Episode 11 | The Failures of Fiat
The "What is Money?" Show
Bitcoin Is a Great Instrument for Final Settlement
Final settlement is what keeps an economic system honest. With bit coin or physical gold, you have an asset that is zero % liability. We can perform final settlement anywhere in the world, typically within an hour. Fiat is a constantly changing set of rules and causing the most unscrupulous among us to fight for control over our money. Whitley: "We are doing ourselves fiot currency at self-deception scale"
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