194. The Debt Bubble with Luke Gromen
The Bitcoin Standard Podcast
The Problems with Gold in the Monetary System
This chapter discusses the limitations of gold in the current monetary system, including the lack of a efficient settlement system and difficulties in verifying authenticity. It highlights the transformation of gold into a consumption good and the expansion of unallocated paper gold derivatives. The conversation also explores the potential for Bitcoin to replace gold as a store of value.
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