Answered produced feed
D 4 · C 4 · P 4 · Cm 3 3.85
Q I mean, isn't that what everybody's doing though? When you think about a cryptocurrency?
A Currency and money are actually different. It's a subtle distinction, right? Currency are units. These are the things that we can or can't use as money as we want to, but money is much more like a symbol. It's a collective understanding. So I can make currency units. The question is, do people accept them and use them as money, right? That's on them. And so makers sort of attempt to actually create money. And so we issue all these currency units as debt against assets, just like there's this huge historical tradition of doing. And that currency that we issue is called DAI, D-A-I. So, as we come up to today, if we have this tradition of money creation as debt, and then we get into the future, we want the blockchain to actually work, because this is an important thing, right? The blockchain space has sort of, it's proceeded in fits and starts. It's captured a lot of people's imagination, but there's been sort of a lack of traction where the rubber actually meets the road, right? And that's, you know, customers, entrepreneurship, these sorts of things.
AI assessment note: “Currency and money are actually different. It's a subtle distinction, right?”
Answered produced feed
D 3 · C 3 · P 3 · Cm 3 3.00
Q I mean, isn't that what everybody's doing though? When you think about a cryptocurrency?
A Currency and money are actually different. It's a subtle distinction, right? Currency are units. These are the things that we can or can't use as money as we want to, but money is much more like a symbol. It's a collective understanding. So I can make currency units. The question is, do people accept them and use them as money, right? That's on them. And so makers sort of attempt to actually create money. And so we issue all these currency units as debt against assets, just like there's this huge historical tradition of doing. And that currency that we issue is called DAI, D-A-I. So, as we come up to today, if we have this tradition of money creation as debt, and then we get into the future, we want the blockchain to actually work, because this is an important thing, right? The blockchain space has sort of, it's proceeded in fits and starts. It's captured a lot of people's imagination, but there's been sort of a lack of traction where the rubber actually meets the road, right? And that's, you know, customers, entrepreneurship, these sorts of things.
AI assessment note: “Currency and money are actually different. It's a subtle distinction”
