Cryptocurrency Explained: Money as a System-of-Control

We know that money serves as:
- A Store of Value (SoV)
- A Medium of Exchange (MoE) and
- A Unit of Account (UoA)

But what happens when a fourth use of money is introduced, one which subordinates all the other characteristics: money as a system of control.

This talk is featured in The Internet of Money volume 3, which can be purchased in multiple languages in paperback, ebook, or audiobook: https://aantonop.io/tiomv3ebooks/

Chapters
0:00 4 properties of money
0:51 History of money
3:16 Money as a system-of-control supercedes all other functions of money
3:52 Money does not flow freely
9:16 A system of money that refuses to become a system-of-control
9:52 Banks as a system-of-control
12:31 Banks vs cryptocurrencies
13:21 Voice or exit

This talk took place at the Advanced Digital Innovation Summit on September 12th 2017 in Vancouver, Canada: https://antonopoulos.com/event/adisum...

License
Creative Commons Attribution license (reuse allowed)