The Spectrum of Money

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A spectrum of money is an essential mental model for anyone on the crypto journey and on the bankless journey. At the top of the spectrum, there are instruments that people will accept for the discharge of obligations. Where you sit relatively on the spectrum determines whether or not you will accept something as a final means of settlement. The more moneyness a given instrument has, the higher it's considered to be in terms of financial stability.

Today’s guest is Brendan Malone. He currently works at Paradigm’s Policy Department. But before that, he focused on crypto policy issues at no other than the Federal Reserve. In this episode, we get deep into answering one, if not the most Bankless questions. What is Money? And what does the answer look like in the Digital Age?

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----- Topics Covered

0:00 Intro 5:40 What is Money? 10:34 The Moneyness Spectrum 16:59 How do Current Forms of Money Rank? 21:03 How Much is a Dollar Worth? 29:16 The Difference between Money and Credit 38:30 Losing Trust in the Dollar 48:29 The Role of a Central Bank 54:14 The Future of Money 1:04:26 Why Now? 1:07:14 New Technology Implications 1:10:40 The Case for Crypto 1:18:55 Closing and Disclaimers

----- Resources:

Brendan Twitter https://twitter.com/brendanpmalone

Read Moneyness In The Digital Age https://policy.paradigm.xyz/writing/moneyness-in-the-digital-age

----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://www.bankless.com/disclosures