
WiM044 - The Saylor Series | Episode 10 | The Death of Gold
The "What is Money?" Show
00:00
Bitcoin - A New Tool for the Market Process
Soyou: Bit coin is the first igital money. But it had many shortcomings, which sailor brilliantly elaborates in this episode. Soyou: The purpose of trade is to produce energy efficiency. And whoever does that more efficiently than others is warded with profits. That's how markets essentially lower prices, ind crete innovation.
Transcript
Play full episode