15.5 What Problem Does Bitcoin Solve? || Stephan Kinsella

21/05/2021 1 min Temporada 1 Episodio 15

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Episode Synopsis

Money is a technology to enable trade without barter, and thus without the double coincidence of wants problem. Any supply of money will work to enable this function of medium of exchange. Further, when entrepreneurs price their goods and services in money, it becomes possible to calculate the cost of deep production stages, and thus find out the profitability of a project.

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