Episode 137: The Great MELTdown
Exponential Wisdom
00:00
The Challenge of Establishing a Reserve Currency
The concept of a reserve currency dictates that there can only be one such currency due to the need for universality and high fungibility. The speaker conducts a 'thousand person test' where they offer $10,000 in US dollars or any alternative to assess the acceptance of an alternative to the US dollar. While a growing number might choose Bitcoin, the speaker emphasizes that the broader acceptance among the masses is a key consideration.
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