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

The Pomp Podcast

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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.

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