The Bitcoin Standard Podcast cover image

108. A New World Monetary Order The ramifications of the Russian invasion of Ukraine

The Bitcoin Standard Podcast

00:00

The Problem Is the Salability Over Space

i discussed this in detail an in the fiat standard. And e there'sa of opacity about how the big bars functioned. The only way that you can send large quantities of gold world wide and use it as a financial settlement is to use gold in the l b m a, the london bullion market association. It's almost s very similar to how bit coin works. You know how bitquin has its own little coins inside it? And the lb m a has its own gold bars that have their own serial numbers that they verify,. That you cannot verify unless you take custody of it. But when somebody wants to take delivery of their bar, they make a new bar for

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app