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Bitcoin 101 with Linda Hill (WiM114)
The "What is Money?" Show
The Four Things Money Is Desiring for Money
The sound a gold coin made when dropped from a certain height. This was a way it resignated in a very specific way that let people know it was authentic, right? If it was lead plated with gold, it wouldn't sound the same. People didn't have to stop and verify at every point of transaction. You could trust the coin issuer. We could say, ok, so there's th four things money l desire for money. The last one is really important. It explains why gold scarcity.
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