34. Michael Saylor on The Fiat Standard
The Bitcoin Standard Podcast
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The Real Drawback of Fiat Is in Holding on to Value for the Future
At least gold is somehow automatic. It's a machine in a sense. You can verify it even though it's a little bit expensive. With fiat, you know, it's ultimately manual. But day to day use, it is generally faster to move it around than moving around physical gold. The real drawback, as you were saying, is in holding on to value for the future. That's really not good.
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