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12min chapter
Discussing Lessons on Monetary Evolution with Femi Longe (WiM442)
The "What is Money?" Show
The Evolution of Money: From Gold to Bitcoin
This chapter explores the transition of money from commodities like gold to the digital currency Bitcoin. It discusses the role of intermediaries in traditional financial systems, the concept of value exchange, and the challenges posed by using physical materials as tokens of value. The conversation also delves into Bitcoin's properties as both a medium of exchange and a speculative commodity, highlighting its unique features in the evolving financial landscape.
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