Deep Background with Noah Feldman cover image

How One Bank Shaped American Capitalism

Deep Background with Noah Feldman

CHAPTER

Cryptocurrency

The idea that a paper promise is worth more than the paper it's written on was a completely alien concept for most societies for most of history. crypto currency dramatizes this to an incredible degree exactly. It makes people, you know, radically uncomfortable with the notion of really, at the end of the day, if i give you a dollar,. whether it's digital or paper, it's a pretty abstract thing. And they recognize that in a world without a lot of trust, those things are unequivocally true.

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