The "What is Money?" Show cover image

How Bitcoin Will End Currency Counterfeiting with Michael Goldstein (WiM252)

The "What is Money?" Show

00:00

Gold Is Like Open Source Money, Right?

Gold is kind of like the analog open source money, right? No one knew how to compromise the monetary properties of gold effectively. There's a reason the smug emperor's face is usually stamped on that coin. Coins make for faster and less trust minimized exchange when you have standardized units. The best way to test gold for its quality is to actually melt it down,. measure out how much literal gold was in that then recast the gold into, um, another coin or bar or whatever to continue on.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app