Ep 73: Paul Sheard Demystifies Money
Brave New World -- hosted by Vasant Dhar
Cryptocurrencies and the Need for a Decentralized System
This chapter explores the concept and potential problems with cryptocurrencies, discussing their emergence in response to the financial crisis and the need for a decentralized system built on trust. It evaluates cryptocurrencies based on their ability to serve as a unit of account, medium of exchange, and store of value, highlighting their limitations in these areas.
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