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The Bitcoin Standard Podcast cover image

193. Broken Money with Lyn Alden

The Bitcoin Standard Podcast

NOTE

Money as a Ledger

Money should be seen beyond metaphors as a strict definition for drawing conclusions, as in the case of the credit theory of money. While money may not be a traditional ledger, examples like Bitcoin and rhyestones demonstrate how money indeed functions like a ledger. Bitcoin operates as a ledger with balances distributed across nodes worldwide, showcasing a form of currency. Similarly, rhyestones act as ledgers by changing ownership through a simple announcement to the community.

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