Chapter
The Future of Currency and Bitcoin
32:33 - 40:13 (07:39)
The history of currency has shown that all currencies have either ended as a currency or devalued over a long period of time. While Bitcoin may emerge as a store of value and medium of exchange in the future, it may be a very long time before it reaches a position relative to gold.
Clips
The podcast discusses the history of money and its vulnerabilities, including its function as a medium of exchange and a storehold of wealth, and the ability to pay off debts.
32:33 - 36:04 (03:31)
Summary
The podcast discusses the history of money and its vulnerabilities, including its function as a medium of exchange and a storehold of wealth, and the ability to pay off debts.
ChapterThe Future of Currency and Bitcoin
EpisodeRay Dalio: Principles, the Economic Machine, Artificial Intelligence & the Arc of Life
PodcastLex Fridman Podcast
No currency has ever survived or maintained its value over long periods of time, and it might take a very long time before a digital currency like Bitcoin emerges as a reliable store of value.
36:04 - 40:13 (04:08)
Summary
No currency has ever survived or maintained its value over long periods of time, and it might take a very long time before a digital currency like Bitcoin emerges as a reliable store of value. Facebook's stable value currency has the potential to be both a medium of exchange and a store of wealth.