American Monetary Association AMA 229 - Why Money Needs Trustworthy Data, and How Cloud Coin Can Help with Dr. Sean Worthington
Jason Hartman talks with Dr. Sean Worthington, creator of Cloud Coin, about what money really is, why it absolutely must be trustworthy, and why Cloud Coin is the solution for digital currencies. Sean says that Cloud Coin is an enormous development over Bitcoin and actually provides the most secure transactions around. Sean also touches on Jason's belief that government's can shut down cryptocurrencies with his explanation of why that's just not going to be the case.
Key Takeaways:
[1:00] Sean's new definition of money
[5:11] Money MUST work as trustworthy data in order for the economy to work
[8:21] The story of the Island of Yapp
[11:13] Money tells us what to do and how to act, so it needs to have integrity
[16:23] Cloud Coin is the money that Sean has created, which just gets created into existence
[19:27] Cloud Coin's market cap is currently 17 million, and people are actually spending it
[24:36] Why Cloud Coin is a big development over Bitcoin
[29:41] Sean's thoughts on why governments won't be able to shut down cryptocurrencies
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