Bitcoin 101 with Linda Hill (WiM114)
The "What is Money?" Show
00:00
The Service People Want for Money
Money needs to be divisible so you can do different transactions of different sizes. People also want money that is persistent over time, which means they know it's going to be there a year later and ten years later - or even 100 years later. Money should have the ability to move from place to place if i'm buying a house in florida while i need to move my money to rhode island for someone else. You must be able to independently check the quality of your money before using it. If i give you gold coins, you don't need to take my word for it that it's gold. The fourth one is, money needs to be recognizable,. And this means basically
Transcript
Play full episode
