In this episode, Steve talks about the differences between ‘hard’ and ‘soft’ money. Back in the day when people used seashells or beads as payment for goods and services, that was essentially ‘hard’ money. It is pretty funny to think that seashells were traded for commodities, but Steve argues that if a society agrees to accept these as payments to fuel their own economic bubble, then he thinks it is a brilliant and fascinating concept. Steve also commented when you feel there is a never-ending supply of something, such as today’s paper money, then it turns into ‘soft’ currency.