The Jack Mallers Show What Is Money? (And Why Bitcoin Matters)
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Dec 30, 2025 Explore the fascinating concept of money as a human-made technology designed for value coordination. Discover why barter fails due to the 'coincidence of wants' and the essential properties of good money, like scarcity and durability. Dive into Bitcoin's unique proof-of-work system that ensures its scarcity compared to commodities that fluctuate with demand. Learn how Bitcoin's design as money offers advantages over conventional stores of value like real estate and precious metals. Jack Mallers emphasizes the importance of understanding money for future savings.
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Money Is A Coordinating Technology
- Money is a technology humans invented to coordinate value across time and space.
- It solves barter's coincidence-of-wants by letting people save and exchange value later.
Why Barter Breaks At Scale
- Barter fails as societies specialize because of the coincidence of wants.
- Money lets specialists monetize their work and later exchange that saved value.
Money Is The Nonconsumable Store
- Money is the good you acquire specifically not to consume.
- Good money must let you delay consumption and save value for the future.