Sean Carroll's Mindscape: Science, Society, Philosophy, Culture, Arts, and Ideas

13 | Neha Narula on Blockchain, Cryptocurrency, and the Future of the Internet

Sep 8, 2018
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INSIGHT

Money Is A Shared Story

  • Money functions as unit of account, medium of exchange, and store of value.
  • Neha Narula calls money a social story we collectively agree to and maintain.
ANECDOTE

Creating A Billion-Dollar Market Cap In Minutes

  • Neha minted a billion fictional tokens called "Neha shares" in minutes and sold three for a dollar each.
  • That created an instant billion-dollar market cap by simple multiplication of last sale price.
INSIGHT

Wealth Concentration Shapes The System

  • Major problems with today's financial system include concentrated wealth and institutional control.
  • Narula worries the system disadvantages many and motivates rethinking financial infrastructure.
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