4min chapter

The Natural State with Dr. Anthony Gustin cover image

149: Dr. Saifedean Ammous - Cryptocurrency, The History of Money, Addressing Bitcoin’s Energy Usage, and More

The Natural State with Dr. Anthony Gustin

CHAPTER

What Is the Stock Pile of Copper?

Gold's chemical properties mean that it is indestructible. New production of gold is always a tiny little fraction of that stock pile. Gold has the lowest annual growth rate of all the metals and that's why it ends up being money. And I have several other examples throughout history, such as in West Africa where glass beads were used as money because they were hard to produce.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode