Show notes
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.TIMESTAMPS: 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?