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17min chapter
Toward an Anthropological Theory of Money with Natalie Smolenski (WiM394)
The "What is Money?" Show
Disruption of Old Institutions in a Bitcoin World
The chapter explores how old institutions, such as centralized banking, may become obsolete in a Bitcoin world where digital gold is highly portable. It discusses the cyclical relationship between new technologies and old institutions and touches on the role of money as a social technology. Additionally, the chapter delves into the historical development of private and state involvement in coinage issuance and the impact of introducing general purpose money on established societal structures.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode