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Bitcoin and Prosperity with Samson Mow (WiM275)
The "What is Money?" Show
The Importance of Blockchains in a Supply Chain
Money is an abstraction for human time and energy, because those are the inputs to every process that's relevant to human beings. Also, because it is an abstraction, it is intangible. And this is why historically other forms of money have failed,. Bitcoin is the ultimate intangible thing, it's purely digital. It doesn't exist in the physical realm. If at any point you're anchoring that data to whatever blockchain, if that data is garbage, then the whole thing is garbage out.
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