In this episode, we continue to lay the foundation for our journey into crypto. School is in session and today’s lesson will fill in some knowledge gaps about money that your elementary school teachers may have missed. What is money? What makes good money? How has money changed over time? All of this and more as we begin to question the foundations of our existing monetary system.
1:48 – What is money?
4:00 – What makes good money?
7:50 – Attributes of money
11:33 – The History of Money
13:43 – Cowrie Shells
15:37 – Precious Metals
16:20 – Paper
21:00 – Plastic
21:40 – Digital
24:08 – Lightning Round
24:20 – Why does money have value?
25:36 – Was Bitcoin the first digital money?
26:30 – Why doesn’t Bitcoin make great money?
28:26 – Isn’t centralization valuable when it comes to money?
30:13 – Is Bitcoin inflationary?
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