BTC149: Parallels to the Roman Empire w/ Dr. Peter St. Onge (Bitcoin Podcast)
We Study Billionaires - The Investor’s Podcast Network
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Understanding Fractional Reserve Banking and the Value of Bitcoin
Fractional reserve banking relies on debt and IOUs, leading to counterparty risk and deflationary fits. Bitcoin, as a bare asset, offers a solution by providing a monetary baseline unit that can't become deflationary or disappear. This concept is often misunderstood and abstracted away from the general public.
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