What Bitcoin Did

View Original

Why Bitcoin is the Best Money with Lyn Alden

Peter McCormack

Interview | Description | Timestamps | Show Notes

See this content in the original post

iTunes | Google | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS Feed

Your browser doesn't support HTML5 audio

Why Bitcoin is the Best Money with Lyn Alden - WBD496 Peter McCormack

Download Episode MP3 File
The file will open in a new window. Click down arrow to download the file.

See this content in the original post

Lyn Alden is a macroeconomist and investment strategist. In this interview, we discuss currency crises, the history of money, the properties of good money, and whether Bitcoin can usher in a new era of programmable, commodity money.

- - - -

What is money? We are taught to critically question and evaluate the world around us. Yet, most people never query the essence of what is perhaps civilisation’s most important tool. We readily accept the money we have and use it without examining its history, characteristics, or whether it could be improved and changed.

We are living through extraordinary times. The world around us is in flux: established norms are being upended. Yet, the most extraordinary change is occurring without, arguably, the fanfare it deserves. Money is changing. A viable alternative to fiat currency has taken hold. An open and free, censorship-resistant currency available to anyone with qualities that surpass previous forms of money is carving out its place as the future of money.

Coins and notes are examples of money we are all familiar with. Yet, shares, property, or in fact, any tradable item are also forms of money. We interact with various forms of money, and implicity utilise their attributes without proper examination. So, what are the qualities and features of money? Why do we use different forms of money? What is money?

It is only through proper consideration of these questions that the unique and revolutionary properties of Bitcoin become apparent. Bitcoin is much more than just a speculative digital asset. It seeks to be the best money ever invented, combining the benefits of gold, cash, and various contemporary stores of value.

More importantly, Bitcoin provides new features seeking to protect the individual in the digital age. Bitcoin may be much more than a useful tool, it could be a necessity.

See this content in the original post

00:04:11: Introductions
00:06:41: What is Money? article
00:08:42: Understanding the current risks with money
00:11:56: Alternatives of gold and Bitcoin
00:15:57: Properties of good and bad money
00:25:28: The use case for Tether and other stablecoins
00:28:10: Different money for different purposes
00:37:58: The history of money
00:45:42: Bitcoin is programmable digital commodity money
00:50:57: The advancements in finance that Bitcoin brings
00:55:08: Transitioning to a Bitcoin world, and the rise of global protests
01:03:09: Fiat money is proof of force
01:05:41: Final comments

See this content in the original post

SUPPORT THE SHOW

If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:

If you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.

SPONSORS

See this content in the original post

Connect with Lyn:

Mentioned in the interview:

Other Relevant WBD Podcasts:

See this content in the original post