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#239 – Niall Ferguson: History of Money, Power, War, and Truth
Lex Fridman Podcast
Coinage - The Ascent of Money
Money is just a crystallization of a relationship between a creditor and a creditor. Coins are generic and fungible. They can be used in any transaction. The second thing that's really interesting to me is that payments don't need to be money. And if we go around as economists love to do saying, well, Bitcoin's not money because it doesn't fulfill these criteria, we're missing the point.
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