
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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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.
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.
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.
