The Real Origins of Money with Natalie Smolenski SLP538
Jan 8, 2024
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Anthropologist and Bitcoin expert Natalie Smolenski discusses the origin of money, the clash between anthropologists and economists, the limitations of fiat currency, and the rise of Bitcoin as a competing institution. She also explores topics such as jurisdictional arbitrage, the Texas Bitcoin Foundation, and the challenges facing universities.
The state's control and power are being challenged by information technologies, leading to a shift in power dynamics.
Money is a social technology that takes different forms based on trust and use cases.
Deep dives
The advent of information technologies undermines the state's control
With the advent of information technologies, the state's monopoly on information, commerce, and warfare has been undermined. This has led to a shift in power and challenges to the state's control.
The intersection of Bitcoin, anthropology, and political economy
The guest, Natalie, discusses her background as an anthropologist and her transition to the technology industry. She highlights the importance of using blockchain technology, such as Bitcoin, for verifying digital claims and ensuring individual sovereignty over personal information.
The debate on the origin of money
Natalie discusses the ideological disagreements between anthropologists and economists regarding the value of capitalism and its relation to money. She explores the theories of money proposed by anthropologist David Graeber and economists, such as the chartalists and the commodity theorists.
Money as a social technology and the role of institutions
Natalie explores the concept of money as a social technology and the importance of institutions in coordinating human action. She discusses how different forms of money, such as credit money and commodity money, serve different purposes and are tailored to specific contexts and levels of trust.
In this conversation, Natalie Smolenski discusses the intersection of Bitcoin, anthropology, and political economy. She explores the debate on the origin of money and the clash between anthropologists and economists. Smolenski argues that money is a social technology that can take different forms based on trust and use cases. She examines the limitations of fiat currency and the importance of trust in debt settlement. Smolenski also discusses the rise of Bitcoin as a competing institution to traditional currencies and the threat to open source development in the EU. We also discuss various topics related to jurisdictional arbitrage, the Texas Bitcoin Foundation, the challenges facing universities, and the future of higher education.
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