The Bitcoin Standard Podcast 294. The Fiat Standard Lecture 13: Why Bitcoin Fixes This
Oct 7, 2025
Explore how Bitcoin outshines fiat and gold in salability and efficiency. Discover its role as a final settlement layer and how it lowers international transfer costs. Learn about Bitcoin’s unique properties that separate money from debt and empower multiple settlement providers. Understand the contrast between liquid money and risky credit representations. Finally, see why Bitcoin is a catalyst for economic freedom, despite its limits in eradicating poverty. This discussion is a deep dive into the transformative potential of Bitcoin.
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Distance-Free Final Settlement
- Bitcoin enables final settlement across borders cheaply because coins don't physically move and distance doesn't matter.
- Moving high-value across space costs far less with Bitcoin than with physical gold, improving international salability.
Bitcoin Cheaper Than Gold For Large Transfers
- Sending a good-delivery gold bar across the Atlantic costs roughly $3,000 and is slow and cumbersome.
- Bitcoin can move the same value for roughly $1, making it far more efficient for large-value settlement.
Security Grows With Network Size
- Bitcoin confirmations every ~10 minutes create increasing certainty and security for settlements as the network grows.
- Larger network security reduces required wait times for clearing ever-larger values.
