Chapter
The Global Monetary System: A Winner-Takes-All for the Dollar and Maybe Bitcoin
2:19:07 - 2:24:44 (05:36)
The global monetary system operates around the dollar, making it a winner-take-all situation, with all other currencies being considered as "dollar plus country risk." The rise of digital currencies may bring about similar circumstances.
Clips
The global monetary system revolves around the dollar, with other currencies having the added risk of their respective countries.
2:19:07 - 2:21:18 (02:11)
Global Monetary System
Summary
The global monetary system revolves around the dollar, with other currencies having the added risk of their respective countries. Bitcoin may soon dominate the digital currency market in a winner-take-all scenario.
ChapterThe Global Monetary System: A Winner-Takes-All for the Dollar and Maybe Bitcoin
Episode#284 – Saifedean Ammous: Bitcoin, Anarchy, and Austrian Economics
PodcastLex Fridman Podcast
The current monetary system is flawed as it relies on credit and a political system with fiat, however, the emergence of a new gold standard may be exaggerated as reports of the death of the dollar are not necessarily true.
2:21:18 - 2:24:44 (03:25)
Global Monetary System
Summary
The current monetary system is flawed as it relies on credit and a political system with fiat, however, the emergence of a new gold standard may be exaggerated as reports of the death of the dollar are not necessarily true.