The "What is Money?" Show Bitcoin Has No Brakes w/ Lyn Alden (WiM595)
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Jun 18, 2025 
Lyn Alden, an investment strategist and founder of Lyn Alden Investment Strategy, discusses the evolution of money from gold to Bitcoin. She highlights how Bitcoin could redefine trust in monetary systems and promote personal freedom over reliance on traditional banking. Alden tackles currency debasement risks and advocates for Bitcoin as a protective asset against inflation. The conversation also examines innovative financial tools, emphasizing Bitcoin's role in fostering transparency and fiscal autonomy.
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Money as a Ledger System
- Money is best understood as the most saleable ledger for tracking savings and transactions.
- This unifies commodity money and credit money as different forms of a ledger system.
Why Gold Dominates
- Gold outcompeted other commodities because of its scarcity, durability, and density.
- It strikes a balance before liquidity issues arise with even rarer items, becoming the sweet spot for money.
Paper Money and Speed Issues
- Abstracting gold and silver into paper money killed silver’s role by equalizing divisibility.
- The rise of telecommunications made physical gold settlement too slow, pushing reliance on human-led ledgers.
