Merryn Talks Money Best Of: Lyn Alden Talks Bitcoin and Explains Why Money is Falling Behind the Times
19 snips
Dec 27, 2024 
In this engaging discussion, investment analyst Lyn Alden delves into the history and future of money, highlighting insights from her book, "Broken Money." She analyzes the significance of Bitcoin and the evolution of financial systems, debating the impact of technology on money perception, especially in unstable economies. John Stepek offers reflections on these topics, stressing the importance of energy investments as a hedge against inflation and the transformative potential of decentralized finance. Listeners gain a deeper understanding of how money's evolution shapes today’s economic landscape.
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Money as Ledger Systems
- Money's foundation lies in ledger systems, not just barter.
- Societies often use credit systems to sidestep barter's limitations.
Rai Stones of Yap
- Yap, a South Pacific island, used large stones (rai) as money.
- These rai stones acted as an early ledger system, similar to Bitcoin.
Godfather as Social Credit
- Lyn Alden uses the Godfather to explain social credit.
- Vito grants favors today for unspecified future favors, essentially using credit.
