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#284 – Saifedean Ammous: Bitcoin, Anarchy, and Austrian Economics
Lex Fridman Podcast
Bitcoin Has the Saleability of Fiat
With the current fiat monetary system for all of its flaws, you can send money. But with Bitcoin, you're sending final settlement in a couple of hours. With 12 confirmations, you're pretty definitely clearly safe on this. So it's harder than gold and faster than Fasncik - that's a good way of putting it. And then has the saleability of Fiat across space. What does that mean? If you remember, when you asked me, what is the advantage of fiat? It's cheaper to move currency across space than it is to move gold.
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