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#168 – Silvio Micali: Cryptocurrency, Blockchain, Algorand, Bitcoin, and Ethereum
Lex Fridman Podcast
The Common Knowledge of Cryptocurrency
Money is a social construct, okay, in my opinion. People always felt that somehow money is a way to allow us to transact even though we want to different things. At the end of the day, money is essentially a social construct because you know that what you receive, you can actually spend with somebody else. And so there is a kind of a social impact and social belief that you have. Even a barter is of requires and the beliefs that other people are going to accept the quote unquote currency you offer them.
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