Principles of Liquidity | The Twilight of Gold Series | Episode 8 (WiM166)
The "What is Money?" Show
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Introduction
i feel like by understanding the liquidity principle, as palle describes, i have a plausible concept of how you can actually have credit on a bit coin standard. And so i just wanted remind people again, that's why we're talking about it. You couldn't conceivably build a system where the world wide financial credit there. If the amount of credit matches the needs of the economy, then building a credit system on top of bitcoin is just not unreasonable to me at all.
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