92. The Fiat Standard book launch
The Bitcoin Standard Podcast
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The Cost of the Fiat System
Fiat is a system that runs on might is right thou. Who determines the validity of the lenger is not determined bya proof of work. Its determined by who wins the world war. We had two world wars since fiat's inception. And arguably, those world wars have not ended. They're just continuing in different ways. All over the world. When money is deat, then conflict becomes a much more successful avenue for becoming rich than production. That's an massive cost of the fialce system.
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