4min chapter

The Pomp Podcast cover image

#1099 Robert Breedlove On Money, Power, War & Bitcoin

The Pomp Podcast

CHAPTER

The Power of Proof of Work

The nation state is built on gold, as we just said, about the United States. Gold was already selected by the free market as money because it best satisfied five properties of money. Proof of work basically means you need to expend energy to acquire the value of the money. If you hold gold, there's no political institution in the world that can arbitrarily say gold's not money anymore.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode