Answered raw tape
D 5 · C 5 · P 4 · Cm 4 4.60
Q talk a bit more about people getting Bitcoin. So one of the things you guys talk about in your book is about that you actually had to start back to just concepts of trust and currency itself. Like, could you guys talk about some of your thinking around that? I mean, I know there's a lot of common discussion around this right now, but what uniquely has changed your shift?
A Yeah, I mean, I think the interesting thing to think about this is the challenge that we've faced as journalists ourselves in trying to get traction around the idea about writing about it And, and the problem is, I think, that people have had the narrative wrong about, about Bitcoin. They, they see it as a digital currency, uh, which it is, but, but what does that mean? What they, what, what people think it is, is just some sort of, uh, digital version of a paper dollar, right? The problem with that thinking is, the paper dollar is also not a currency. It is not money, put it that way. The, the, money is not the, the, the piece of paper. Um, and so, you know, money in fact is, A, a ledger. It is a ledger that's built around multiple ledgers in reality, some of which are in our heads, some of which are inside banks, and in this, it's the system for keeping track of value, and keeping track of ownership, keeping track of debts. That's what it is. Um, so once you, you kind of, we had to, in the book, get people to that .1, and then talk them through what Bitcoin is, because Bitcoin is a solution to the failings of that, of that ledger system as it works right now, which has been a centralized one, the process being controlled by, Banking institutions, and that itself was a, a, a technological advance 500 years ago that moved us to the, to the, to resolve the problem of trust. This…
AI assessment note: “money in fact is, A, a ledger. It is a ledger”
Answered raw tape
D 5 · C 5 · P 4 · Cm 4 4.60
Q talk a bit more about people getting Bitcoin. So one of the things you guys talk about in your book is about that you actually had to start back to just concepts of trust and currency itself. Like, could you guys talk about some of your thinking around that? I mean, I know there's a lot of common discussion around this right now, but what uniquely has changed your shift?
A Yeah, I mean, I think the interesting thing to think about this is the challenge that we've faced as journalists ourselves in trying to get traction around the idea about writing about it And, and the problem is, I think, that people have had the narrative wrong about, about Bitcoin. They, they see it as a digital currency, uh, which it is, but, but what does that mean? What they, what, what people think it is, is just some sort of, uh, digital version of a paper dollar, right? The problem with that thinking is, the paper dollar is also not a currency. It is not money, put it that way. The, the, money is not the, the, the piece of paper. Um, and so, you know, money in fact is, A, a ledger. It is a ledger that's built around multiple ledgers in reality, some of which are in our heads, some of which are inside banks, and in this, it's the system for keeping track of value, and keeping track of ownership, keeping track of debts. That's what it is. Um, so once you, you kind of, we had to, in the book, get people to that .1, and then talk them through what Bitcoin is, because Bitcoin is a solution to the failings of that, of that ledger system as it works right now, which has been a centralized one, the process being controlled by, Banking institutions, and that itself was a, a, a technological advance 500 years ago that moved us to the, to the, to resolve the problem of trust. This…
AI assessment note: “This is where it all goes full circle back to trust”
