ECON135: What Is Money?

Prepare to delve into Bitcoin theory in this video, particularly its transformative impact on the digital age. Saylor and Breedlove explore how money and economics are once again undergoing radical changes. You'll discover that Bitcoin represents the first true digital monetary system in history. Saylor provides a compelling answer to the question of "What is money?" and he also examines the economic principles underlying commodities as money and why they prove to be inadequate. You'll encounter a compelling case against commodity money that highlights its self-defeating nature. Finally, you'll explore Bitcoin as the ultimate solution for wealth settlement and preservation. Saylor describes it as the first closed-loop or closed-source energy system ever created. This session is full of paradigm-shifting insights.