#137 Eric Tymoigne: What Makes Something Money?
The MMT Podcast with Patricia Pino & Christian Reilly
Using the Credit Theory of Money, What Is a Bit Coin?
Money is always credit of some description or other. But units of crypto uen a're not a promise to do anything. They are a statement of fact. That ok. It's a proof of work. I mean, warrant moses says, what is a bit coin? It's a certificate that says you solve the puzzle,. So and obviously, this is appealing to hlibetarians in that, ok, a computer some work. And people are going, well, we agree that this is worth something, but obviously we see the price going up and down all the time. The problem with it, basically. Because you have, again, no valuation anchor provided by the issuer.
00:00
Transcript
Play full episode
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
