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6min chapter
BTC117: Bitcoin and the Start of the Information Era w/ Luke Broyles (Bitcoin Podcast)
We Study Billionaires - The Investor’s Podcast Network
The Five Eras of Money
The first kind of money that humans had was more or less basically social credit. That's the currency of very early society. And then you get to a world where you have small ancient societies, you know, Mesopotamia and Egypt,. And everyone begins to store their monetary energy in commodities that are more universally accepted. So things like salt or green is an advancement in technology that makes the old world seem ancient. Now gold is even better than that because the problem with grain, of course, is that it expires and gold doesn't really expire. Same thing with national currencies: You can eat them but they're not worth anything if you don't use them.
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