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The Most Important Question in the World Today | Episode 3 | (WiM327)
The "What is Money?" Show
Bitcoin: A Decentralized Asset
There's only one decentralized asset in the world and it's Bitcoin. Everything else is controlled by at least a group often an individual or often a trust. You can still put your Bitcoin on deposit with banks and issue currencies on top of them, but it's not required. We both are aligned that a Bitcoin as a representation of a solution to a computational algorithm which requires energy to solve. It has the benefit that it cannot just be produced willy-nilly whenever somebody wants to turn on the printing press.
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