![]() This episode’s sponsors:Gemini - Buy Bitcoin instantlyBlockFi - The future of Bitcoin financial servicesSportsbet.io - Online sportsbook & casino that accepts BitcoinCasa - The leading provider of Bitcoin multisig key security.Ledger - State of the art Bitcoin hardware walletCompass Mining - Bitcoin mining & hostingLVL - Bank on BitcoinBCB Group - Global digital financial Services Bitcoin may be much more than a useful tool, it could be a necessity. More importantly, Bitcoin provides new features seeking to protect the individual in the digital age. It seeks to be the best money ever invented, combining the benefits of gold, cash, and various contemporary stores of value. Bitcoin is much more than just a speculative digital asset. It is only through proper consideration of these questions that the unique and revolutionary properties of Bitcoin become apparent. So, what are the qualities and features of money? Why do we use different forms of money? What is money? We interact with various forms of money, and implicity utilise their attributes without proper examination. Yet, shares, property, or in fact, any tradable item are also forms of money. 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.Ĭoins and notes are examples of money we are all familiar with. A viable alternative to fiat currency has taken hold. Yet, the most extraordinary change is occurring without, arguably, the fanfare it deserves. The world around us is in flux: established norms are being upended. We are living through extraordinary times. We readily accept the money we have and use it without examining its history, characteristics, or whether it could be improved and changed. Yet, most people never query the essence of what is perhaps civilisation’s most important tool. What is money? We are taught to critically question and evaluate the world around us. 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. Lyn Alden is a macroeconomist and investment strategist. And that could look past how the system currently is and envision: if you just start with a blank sheet of paper, how could it be? What are the alternative kind of timelines we could be under?”- Lyn Alden ![]() See our investment disclosures here.“All of these monetary transitions involve people that could think of the unthinkable. Additionally, the Bankless writers hold crypto assets. I may receive commission if you make a purchase through one of these links. From time-to-time I may add links in this newsletter to products I use. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Subscribe: Newsletter | iTunes | Spotify | YouTube | RSS Feedįollow: Twitter | Instagram | Reddit | TikTok | Facebook Listen to podcast episode | iTunes | Spotify | YouTube | RSS Feed The discussion reprises some of the topics from Lyn’s last Bankless appearance, including the pitfalls of being a global reserve currency and her takes on Ethereum. We explore three types of inflation, define the relationships between them, and determine what this means for crypto & society from a global, big-picture perspective. ![]() ![]() She is the founder of Lyn Alden Investments and consistently provides sharp analysis and compelling macro takes – it’s no surprise that she is a return guest, even though crypto is not her primary focus. Lyn Alden returns to the podcast, this time to help build out a canonical Bankless thesis on inflation. ![]()
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