194. The Debt Bubble with Luke Gromen
The Bitcoin Standard Podcast
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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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