5min chapter

The "What is Money?" Show cover image

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

The "What is Money?" Show

CHAPTER

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.

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