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Saifedean Ammous: The Bitcoin Standard

Crypto Voices

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Bitcoin Is Not Just a Payment Mechanism

The Bank of International Settlements doesn't understand Bitcoin as the superior alternative for precisely international settlements. The people who are most threatened by it are completely oblivious but also self-delusionary about it, he says. "They're deluding themselves into just thinking well this is all this drug money or whatever and one day they're going to find that it's effectively bigger than their financial system possibly"

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