4min chapter

The "What is Money?" Show cover image

A Brief History of Money with Luna (WiM335)

The "What is Money?" Show

CHAPTER

The Nature of Money

Nick Shaboh, the founder of Bitcoin, believes that if we go back to a proper gold standard then there is no need for Bitcoin. But he also argues that trust the third parties are security holes which will always exist. The barter economy created money by allowing people to accept something they don't really want but know someone else will do it too.

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