Private Money with Stefan Eich
The Dig
00:00
Is Cryptocurrency Private Money?
Is crypto currency private money? Gold bug type politics, but without the gold? And if so, what does that mean? Because gold bugs have always insisted that the full faith and credit of the us wasn't enough to base money on. We needed something purportedly transcendent, whose value was portiportedly transcendent, like gold. For the first time ever, money nowhere in the world is based on metal. As a result, it is political project, and it's up to us to govern it. It's ultimately a kind of anxiety about human powers.
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