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6min chapter
#520: Speculative Attack: Ten Years Later with Pierre Rochard & Allen Farrington
TFTC: A Bitcoin Podcast
Understanding Bitcoin as Money, Speculative Attacks, and Borrowing Against Bitcoin
The chapter delves into the implications of Bitcoin potentially replacing traditional money and its use in over-collateralized loans, leading to a speculative attack on fiat currency systems. It also emphasizes the growing accessibility and infrastructure for borrowing against Bitcoin to enable spending of fiat currencies.
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