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Basics_02: Monetary History & The Rise of Bitcoin
Blue Collar Bitcoin
What Is Money?
When governments co-opting money, then it leads to inefficiencies that push people back to these primitive forms of transacting like barter. Money is a ledger, an accounting of who owns what for exchanging value across space and time. All major monies through history function as ledgers if you really distill them down. As we move into the digital age, let's say, it begs the question, what is going to function as the most consistent, reliable, useful, scalable, freedom inducing, fair, value-accruing ledger?
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