EP 13: How Money has Value (3-step Process)

Economics Design

English - June 11, 2020 08:07 - 22 minutes - 21.1 MB - ★★★★★ - 9 ratings
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Previous Episode: EP 12: Economics of DAO, the Future of Governance and Liberty

Next Episode: EP 14: Why Bitcoin will NEVER be an international currency

You've probably heard enough about the whole argument of "money used to be gold". In this episode, we will uncover the fundamentals of how money accrues value from 2 perspectives — metallism and chartalism.

Quick navigation:

How money is created (Metallism vs Chartallism) 01:34
3-step process to legitimising money 10:20
Application to cryptocurrency 12:30

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