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27. The Underlying Technology Behind Fiat Standard

The Bitcoin Standard Podcast

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Bitcoin Cash

The bank has to sit on the Bitcoins effectively. The bank has to buy the Bitcoins from you. That's what they want to do. But I don't think you hold the Bitcoin. You hold the fiat currency. They hold the channel on lightning. And we don't even have to go to complicated, but we go in China. So someone in New York, someone in California, even in the same country, you know, I want to send it to you and you want to catch it out in physical cash.

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