Fiat Money
topic on 3 shows · 3 statements across 3 episodes
WTF is with Nikhil Kamath 
Top Founders 
All-In
3 statements about Fiat Money, every show
Dalio: Gold is the only money without counterparty or confiscation risk
“Gold is the only money That you can have and nobody has to give you anything to have it. Other money, all other money is dependent on somebody giving you something. Okay. Whether they give you, and so it's unique in that it's confiscation risk is less than oth…”
Sacks: SEC crypto crackdown aims to protect fiat currency's dominance
“I think the motivation is to basically end crypto as a potential competitor to fiat money in the United States.”
Pysh: Unpegged currencies create competitive global devaluation races
“Every other country is incentivized to devalue their country because, or devalue their currency because when they do that, guess what happens? If I'm China and I devalue my currency because there's no peg. Nathan Latka: Goods get cheaper, right? Preston Pysh: …”