What's the big deal about money anyway? (Results/Impact (Scams (
What's the big deal about money anyway?
Closely linked to "How to value Bitcoin, if you're not an economist."
Follow that structure
How did I get into this mess?
Why is money valuable? 3 big features
History of money
Gold - Egyptians, jewelry, and how useless gold really is?
Diamonds? even more worthless
Rai stones - basis for shared ledger/consensus
Advent of paper money
leading to fiat and dropping of gold standard
Milton Friedman quote
ultimately gives it value
Images to get:
Pirates (paying in gold)
Gold jewellery Egyptian
"BTC is so hot right now - Mugatu"
Token valuation canvas
John Oliver Cryptocurrencies
Fans passing out from hysteria (ICOs)
ICOs vs VC funding comparison chart
Contrast to current VC method
Contrast to IPO (JSE listings requirements)
"Before you get carried away, meet Steinhoff"
"Perverse incentive" -
don't need to deliver, no product-market fit
BTC Global - South African scam
SkyCoin - TNW article
"Obviously" scammy ICOs
Bitcoin energy usage
Contrast gold/diamond mining to Bitcoin mining
Most things have value because we believe it has value - faith based - money and crypto. They are more valuable if they are
Useful properties of money
Scarcity, Durability, Portability, Fungibility, Acceptability
Blockchains allow for all kinds of amazing things
Young and improving (energy usage)
Wild west, be careful of scams!