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23min chapter
193 - Lyn Alden's Masterclass On Money
Bankless
Understanding the Concept of Money
This chapter introduces Lyn Alden, author of 'Broken Money', and discusses the definition of money as a medium of exchange, store of value, and unit of account. It explores the emergence of money to solve the problem of barter and delves into the two main forms of money: commodity-based and credit-based. The chapter also touches on the role of ledgers in controlling the boundaries of money and highlights money as an emergent phenomenon shaped by the market.
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