204 - What is Bitcoin? with Robert Breedlove
Bankless
The Evolution of Words and Money
Words are created by individuals and gain acceptance through social consensus before being recorded in dictionaries as neologisms. Money, similar to language, operates on social consensus and is likened to a universal protocol like mathematics, where adopting a single language increases efficiency. Unlike spoken language, money has physical roots, with examples like gold or Bitcoin being tied to physical properties, ensuring scarcity. Money signals higher commitment and consequence than spoken language, as actions involving capital at risk speak louder than words.
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