193 - Lyn Alden's Masterclass On Money
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 23 October 2023
⏱️ 102 minutes
🧾️ Download transcript
Summary
When we think of people to walk us through the history of money and where it's all headed, it's hard to think of a guest more qualified than Lyn Alden.
This episode is a masterclass where we answer seemingly simple questions like "What is Money?" to the future of money and how Lyn thinks the next great transfer of wealth will play out.
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✨ DEBRIEF | Ryan & David unpacking the episode:
https://www.bankless.com/debrief-lyn-alden-and-the-history-of-money
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CHAPTERS
0:00 Intro
6:34 What is Money?
10:03 Double Coincidence of Wants
14:18 How Does Money Emerge?
19:46 Progression Of Money Over Time
28:00 Society vs Society
33:14 The Transition to Fiat
39:07 Settlement Time Of Gold
47:53 What Are Banks?
59:14 The Technology Arc
1:04:26 How Nation States Impact Money
1:13:33 Ledger's and Army's
1:16:36 Bretton Woods
1:31:01 Is The Fiat Era Ending?
1:38:13 The Crypto Future
1:44:05 Future Predictions
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RESOURCES
Lyn Alden
https://twitter.com/LynAldenContact
Broken Money
https://www.lynalden.com/broken-money/
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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures
Transcript
Click on a timestamp to play from that location
| 0:00.0 | The cool part of this story is that we've actually never seen such a transition from money to money |
| 0:05.5 | Fiat money to crypto money assuming we're all headed towards crypto money |
| 0:09.2 | It's never been such a big transition of wealth up to this point |
| 0:12.5 | And so we have a bunch of patterns of Bitcoin. There's scarcity that's provable scarcity |
| 0:17.5 | There is the communications network that is the Bitcoin network. There's just a lot of things that rhyme |
| 0:22.6 | But just what about this crypto future gives you such confidence that this is where we're going |
| 0:30.0 | Welcome to bankless where we explore the front here of internet money and internet finance |
| 0:38.4 | This is how to get started how to get better how to frontrun the opportunity |
| 0:42.0 | This is Ryan Sean Adams. I'm here with David Hoffman and we're here to help you become more bankless |
| 0:48.0 | What is money? That is the question on today's episode you can understand crypto until you understand money |
| 0:56.3 | That's why this is a core episode on the bankless journey |
| 0:58.6 | And this is one for the beginners and the veterans alike |
| 1:02.3 | I think you're both going to learn something |
| 1:04.7 | Understanding money is the starting point to understanding crypto and that's why this is a |
| 1:09.6 | Canonical episode for bankless and we brought the best person in the world to walk us through this understanding |
| 1:15.2 | Lynn Alden is on the episode today here a few things we discuss number one. What is money? |
| 1:20.4 | Where did it come from number two commodity versus credit money? |
| 1:24.2 | Which model of money is correct number three? |
| 1:26.9 | Why money is the ultimate game of survival of the fittest very Darwinistic number four? |
| 1:32.5 | How the banks came to be number five? |
| 1:35.0 | How those same banks became central bankers and why they keep rugging us including some of the most recent examples |
| 1:41.3 | Number six the fraying of the current fiat money system and the birth of crypto monies and number seven |
... |
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