If money is not a coin, bill or even cryptocurrency, what is it really? This is the question in the heart of this week’s episode Clear crypto podcastWhere hosts Nathan Zeff (Starkware) and Adrian Blust (Tonal Media) Bill Maurr, UC Irwin School of Social Sciences Dean and a prominent humanist of Finance.
Initially back
“I usually start talking about case studies like ancient Mesopotamia,” Maurr said.
He explained that leading in a conversation about blockchain or crypto, he points to the emergence of society, and therefore the final emergence of a currency system. However, in the beginning, it was not a token, coin or banknote; It was nothing that was “passed by hand.”
He says:
“They had a wide system to keep the records.”
For Maurr, it is the key to understanding both ancient economies and today’s digital currencies: “Money is essentially a way to remember credit and loans, and it is all anytime.”
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Role of bitcoin
While bitcoin is often considered as a new form of digital cache or even called new “digital gold”, Maurr looks challenges:
“Even though the bitcoin system assumes that money is a record -keeping operation, it is still stuck in the idea that it is money as something like a coin.”
Maurr sees it as a missing opportunity. “It can be a separate set of relationships around data and value, without thinking it as money,” he said. “You will call it like rights for a part of a book that is always moving over time.”
The conversation also states that Blockchain explained how humans organize faith. “We are a relationship, not a personal creature,” said Maurr. “The promise that Blockchain has made is a way to create that kind of frame, but also doing decentralized ways.”
But to listen to the whole conversation Clear crypto podcastListen to the full episode on the podcast page of cointelegraph, Apple podcast Or SpotifyAnd don’t forget to check the full lineup of cointelegraphs of other shows!
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