Chapter
The Value of Gold
2:37:47 - 2:41:28 (03:41)
The value of gold is not necessarily based on its physical properties, but on its historical and cultural significance. With technology advancing, the production of gold is becoming cheaper, potentially affecting its value.
Clips
The cost of producing gold may decline as more resources are dedicated to the production of gold, and new technologies are created for the transformation of other elements into gold.
2:37:47 - 2:38:54 (01:07)
Summary
The cost of producing gold may decline as more resources are dedicated to the production of gold, and new technologies are created for the transformation of other elements into gold.
ChapterThe Value of Gold
Episode#178 – Michael Malice and Yaron Brook: Ayn Rand, Human Nature, and Anarchy
PodcastLex Fridman Podcast
The speaker believes that Bitcoin is not the ultimate solution for money and that a technology with more characteristics of gold is needed.
2:38:54 - 2:40:05 (01:11)
Summary
The speaker believes that Bitcoin is not the ultimate solution for money and that a technology with more characteristics of gold is needed. Bitcoin is a new technology that represents the birth of a new era and there might be better ways of resolving the problem of money.
ChapterThe Value of Gold
Episode#178 – Michael Malice and Yaron Brook: Ayn Rand, Human Nature, and Anarchy
PodcastLex Fridman Podcast
An entrepreneur in China purchased a large plot of land and started a cryptocurrency called "Rand" (backed by the land) with a portrait of Ayn Rand on it.
2:40:05 - 2:40:45 (00:39)
Summary
An entrepreneur in China purchased a large plot of land and started a cryptocurrency called "Rand" (backed by the land) with a portrait of Ayn Rand on it.
ChapterThe Value of Gold
Episode#178 – Michael Malice and Yaron Brook: Ayn Rand, Human Nature, and Anarchy
PodcastLex Fridman Podcast
The hosts joke about the pronunciation of Ayn Rand's name, with one of them mispronouncing it as "Ayn" instead of "Ayn" and others correcting him.
2:40:45 - 2:41:28 (00:42)
Summary
The hosts joke about the pronunciation of Ayn Rand's name, with one of them mispronouncing it as "Ayn" instead of "Ayn" and others correcting him. They discuss the common mistake made by people while pronouncing her name.