5min chapter

The "What is Money?" Show cover image

Gauge Theory, Gold, and Bitcoin | The Weinstein Series | Episode 1 (WiM079)

The "What is Money?" Show

CHAPTER

Is There a Double Spend Problem?

Ani: I would like to see the logical world except a part of the physical world. It would be very important if we could start to simulate the actual physical world inside of the computationa one. And that means i need conservation laws. If you did that with gold, oh, i see, you've got a bunch of gold. Let me just make a copy of your gold, and then we can both have gold. We destroy the value of gold for what we're trying to do. But it's not quite right, because its everything is constantly entangled with this ledger. The block chain is this permanent record, and it may be anonymous with respect to everything other than the wallet

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