“I read a lot of history, and I know that once upon a time, a coin was worth $5 if it had $5 worth of gold in it. Now we have paper that is just backed by fiat... Maybe in the new world, something gets backed by consensus.”

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Originally said in English.

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About Lloyd Blankfein

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"I read a lot of history, and I know that once upon a time, a coin was…" — Lloyd Blankfein | Daily Quotes