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5min chapter
Bitcoin: A Money with Zero Percent Inflation with Robert Breedlove (WiM365)
The "What is Money?" Show
The Technological Nature of Money and the Limitations of Gold
This chapter explores the concept of money as a technology and delves into the historical use of gold as a store of value. It discusses the limitations of gold, such as portability, which led to the centralization of custody and the emergence of bank notes. The chapter also touches on the problem of trust in centralized systems and the rise of fractional reserve banking.
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highlights
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