Fiat Currency
topic on 5 shows · 10 statements across 8 episodes
WTF is with Nikhil Kamath 
Top Founders 
the a16z Podcast 
All-In 
20VC
10 statements about Fiat Currency, every show
Dalio: Stablecoins are transaction tools, not stores of wealth
“A stable coin is attached to the fiat currency. So it goes down like the fiat currency goes down, and it doesn't give an interest rate. And they're toying around with whether it gives interest rates or not, but there's not a model that I've seen. So, so far it…”
Palihapitiya: Most Bitcoin investors are day-trading, not hedging fiat risk
“Most people in Bitcoin are not trying to hedge their existing fiat currency exposure. They're just picking off people in retail and they're just day trading this thing.”
Stephenson predicts both fiat and crypto will power metaverse economies
“We think that cryptocurrency and fiat currency, you know, in other words, old fashioned non-cryptocurrency, they're both going to be used in the metaverse just as they are in the real world.”
Carney: Successful cryptocurrencies must eventually integrate with central monetary systems
“And my view at least is that the value of the crypto asset, the cryptocurrency that links over time, there's a Laffer curve, the more successful it is, Ultimately, the more it will need to be brought into the core of the system, perhaps linked with a stable co…”
Pysh: The global economy is experiencing a fiat currency default
“So the argument is that we're seeing a default of fiat currency globally is the argument.”
Pysh: Lack of currency pegs drives runaway inflationary monetary policy
“The dollar is not pegged and neither is any other fiat currency. They're not pegged. And that's what drives this behavior of this runaway inflationary monetary policy.”
Pysh: Fiat trust will not collapse without an alternative currency
“For that to happen, there has to be some other currency. There has to be somewhere else to go before that trust is going to break down completely.”
Krugman: Fiat currency value is backstopped by taxes and state force
“What keeps most currencies valuable is the belief that, well, two things. The belief that governments will exercise restraint in issuing currency, ah, and the fact that legally you can pay taxes. So if you like, the thing, whole thing is backstopped by, ah, by…”
Haun: 99.9% of fiat money laundering succeeds despite $20B compliance spend
“In fact, it's working so fine that 99, this is staggering, I didn't even know this until a couple years ago, 99.9% of money laundering crimes with fiat currency succeed despite the twenty billion dollars annually That financial institutions put toward anti-mon…”
Lee: Bitcoin will replace fiat as the global reserve currency
“I guess I believe that cryptocurrency will take over fiat currency and become, like, the reserve currency, or Bitcoin could become, will become the reserve currency of the world, where everyone would Base everything on cryptocurrency. This is something that I …”