The Number Zero and Bitcoin | Episode 1 | (WiM302)
The "What is Money?" Show
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The Importance of Ratios
With zero, we can easily convert fractions to decimal form. Money is just the mathematically measured of capital available in the marketplace. Prices expressed in money are just exchange ratios converted into a money-denominated price decimal. An ability to more efficiently handle ratios directly contributed to mankind's later development of rationality.
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