Currency
topic on 3 shows · 5 statements across 5 episodes
Capital Allocators 
Top Founders 
the a16z Podcast
5 statements about Currency, every show
Mervosh: True currency derives value from exchange rather than accumulation
“Any kind of valuable currency is the ability to exchange it, not to collect it. When we have a lively, a life-giving exchange, it holds value to the two of us, and when we turn it into a thing, when we objectify a currency, it becomes this static thing.”
Balaji: Almost every VC in 2007 would have dismissed founding a currency
“Had somebody actually said, oh, I'm going to found a currency in 2007, 2008. Almost every VC would have looked at them like they had four eyes.”
Milenius: Currency refers to units, while money is a collective social agreement
“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.”
Mervosh: The true value of currency lies in exchange, not accumulation
“To be able to obtain the currency, any kind of valuable currency is the ability to exchange it. Not to collect it, but to exchange it, and when we have a lively, a life-giving exchange, I can give you a current of my poetry, and you can give me a current of yo…”