Will America Adopt Bitcoin? with Lawrence Lepard (WiM173)
The "What is Money?" Show
00:00
How Did We Get to Gold?
Gold is mined every year, and the world's supply is growing at one point, seven % a year. It was small enough and scarce enough that one could carry a fair amount of value in a small unit. Silver became another form of money; various countries made different bets on which was better. But generally speaking, gold and silver did a good job of holding a stable value over a period of time.
Play episode from 03:39
Transcript
