Ep. 18 - What is Distributed Ledger, Cryptocurrency, & Blockchain w/ Isaac Arthur
CRYPTO 101
00:00
Cryptocurrency Is a Sub-Type of Crypto Currency
crypto currency is a sub type of digital money. People often assume they are the same thing. But let us examine the basic concept in a more primitive set up. Let's revisit frank the fisher and bob the baker from orleon. Frank will gladly pay bob with a fish on t Tuesday if bob will give him some bread to day. Bob groals he hates catfish and says, so. Frank looks apologetically down at the loaf he is chewing and shrugs. Next week is the right time to catch catfish by the tine. So now gabby can redeem one fish from frank any time - even though she wasn't part of the original deal and frank didn't actually agree
Transcript
Play full episode
