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#239 – Niall Ferguson: History of Money, Power, War, and Truth
Lex Fridman Podcast
Bitcoin's Role
- Bitcoin emerged as a potential solution for secure online payments in the internet age.
- Typing credit card details into websites wasn't ideal.
- Bitcoin is the first attempt at a payment method native to the internet (metaverse), solving the issue of secure online transactions.
- It leverages computing power and cryptography for peer-to-peer payments, bypassing third-party verification.
- This sparked a revolution, challenging the established system of banks and fiat currencies.
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