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Ep. 55: Seth Levine on cryptocurrencies and the future of finance.

FUTURATI PODCAST

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The World Ends the Brenton Woods Agreement, Right?

The world ended the brenton woods agreement, right? Tha was this kind of quasi gold standard. So that would be like a hard money standard. But it wasn't pure fiat currency. We had pure fia currency. Now, so the problem with fio currency is that it's not tied to anything in reality,. There's no basis for it in reality. And you know, what's happened, or what's happened historically, is that the monetary authorities abuse that power. They make waig too much money and expand my supply so much that the money itself just becomes worthless overtime.

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