Demystifying the Petrodollar Scheme with Alex Gladstein (WiM082)
The "What is Money?" Show
00:00
The Future of Bitcoin
Gold was selected as money for a set of very important reasons, it rendered certain services to market actors. It still suffered from technological limitations as being a global base money. The information systems outstripped gold almost we were moving information so much more faster than we could move money. And that's what all these institutions are trading in, write, these paper derivatives of gold. We'd like potentially the bitcoin future.
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