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The Dig: Private Money with Stefan Eich

Jacobin Radio

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Is Crypto Currency Private Money?

Gold bugs have always insisted that the full faith and credit of the us wasn't enough to base money on. We needed something purportedly transcendent, whose value was portiportedly transcendent, like gold. But for the first time ever, money nowhere in the world is based on metal. As a result, it is political project, and it's up to us to govern it. And so your conceptions of what politics is capable of becomes part of this. It's ultimately a kind of anxiety about human powers. Elon musk can't mess up the supply of bit coin. Ilac, no one will be able to tamper with this! N if you are a gold bark,

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