Bankless The Power to Mint Money
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Feb 1, 2023 Dive into the historical patterns of crypto bull markets and discover what drives their cycles. Explore the transformative ability of minting assets and its social implications. The hosts analyze the rise and fall of ICOs, highlighting both revolutionary fundraising and rampant corruption. They also discuss the role of decentralized finance and the regulatory landscape, emphasizing the need for self-regulation in a rapidly evolving market. Tune in for insights that challenge traditional financial narratives and empower individual creators.
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Money as a Shared Story
- Money is a shared story or meme that humans collectively agree upon.
- Its value is based on this shared belief, not inherent worth.
Crypto's Impact on Asset Creation
- Crypto is democratizing the power to create assets, not just replacing the dollar.
- This new ability shifts control from central authorities to the free market.
2013: The Proof-of-Work Fork Era
- In 2013, Bitcoin's success triggered a Cambrian explosion of forked coins like Litecoin.
- This demonstrated the power of proof-of-work and fair launches.
