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212 - The full shilling? The case for crypto as a speculative asset - but a currency, eh no!

The David McWilliams Podcast

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The Problem With Gold

The best form of portable property in ten thousand years that the human race had was gold. If you create a monmonetary network based on the gold standard, the problem with gold is it's not thermo dynamically sound. The idea i do way to move money would be if god created an immutable ledger in magic space or in heaven and no one gets to cheat anybody. And we just start with a hundred million, you know, god coins, as you will, and everybody trusts it, and everybody knows it, and no one can cheat it.

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