The Innovation at the Heart of the Global Crypto Transformation

The Breakdown

Blockworks

Investing, Business

4.8 • 806 Ratings

🗓️ 5 December 2021

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

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Summary

This episode is sponsored by NYDIG. This week’s Long Reads Sunday is a reading of Dan Jeffries’ “The Future of Money: A History.” - NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW. Enjoying this content? SUBSCRIBE to the Podcast Apple: https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb Spotify: https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ Google: https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M= Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: KTSDESIGN/Science Photo Library/Getty Images, modified by CoinDesk.

Transcript

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0:00.0	Welcome back to The Breakdown with me, NLW.
0:09.2	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:16.3	The breakdown is sponsored by Nidig and produced and distributed by CoinDesk.
0:22.7	What's going on, guys? It is Sunday, December 5th, and that means it's time for Long Reads Sunday.
0:28.8	Now, this week, as some of you might know, was CoinDesk's Future of Money Week,
0:33.7	and that means they had a bunch of interesting essays, thoughts, and insight posts looking at
0:38.7	the future of money through a variety of different lenses. Today's Long Reads Sunday comes from
0:43.6	Dan Jeffries, who contributed an essay called The Future of Money a History. Accounting has defined
0:49.1	civilization for centuries, and now, thanks to crypto, we're going to see Accounting 3.0.
0:55.2	Now, fun fact about Dan Jeffries, he was an OG of crypto content writing back on Medium in like 2018, so it was
1:01.7	great to see his name pop up, and I'm excited to read you his essay. The Future of Money,
1:06.9	a History. Cryptocurrency is a revolution, but maybe it's not the revolution you imagined. That's because, more than anything, crypto is a history. Cryptocurrency is a revolution, but maybe it's not the revolution you imagined.
1:12.4	That's because, more than anything, crypto is a revolution in accounting. While most people
1:17.7	might not think much about accounting, without it, we'd still be hunting and gathering instead
1:21.3	of blasting satellites into space, or communicating instantly on a network that circles the globe.
1:26.4	Without accounting, you wouldn't be reading this article on your iPad,
1:29.0	or streaming music on Spotify, or renting an Airbnb for your next vacation.
1:33.1	Without accounting, there's no commerce or trade.
1:35.3	Without commerce, there are no planes, no trains, no tractors, no steam engine,
1:39.2	no skyscrapers, or smartphones.
1:41.2	We'd have no nation states, no boats, no shipping containers,
1:43.9	traveling all over
	...

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