3min chapter

The "What is Money?" Show cover image

Bitcoin and Near-Perfect-Privacy with Obi Nwosu (WiM241)

The "What is Money?" Show

CHAPTER

Bitcoin

If you're local in El Zonté and the internet's just gone down, but you want to buy something by the side of the road, you could still send an animated QR code with displaying all the different e-cash tokens. Now there is a risk when the internet codes back up of double spend risk, but the likelihood that the merchant or the seller on the side ofthe road is all part of the same community. That's super interesting. Basically, they have skin in the game, so it's part of these communities. So that prevents them or hopefully disincentivizes bad behavior.

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