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Decentralizing Power in Money: Bitcoin's Role as Pristine Collateral
The chapter explores the parallels between historical centralization of power and the current momentum towards decentralized money through Bitcoin. It discusses Bitcoin's dual roles as a store of value and a peer-to-peer network, emphasizing its potential as pristine collateral in the global financial system. The conversation critiques the current fiat money system, inflation, and the potential societal benefits of embracing a digital form of collateral.