Why Bitcoin is the Best Money with Lyn Alden - WBD496

Lyn Alden is a macroeconomist and investment strategist. In this
interview, we discuss currency crises, the history of money, the
properties of good money, and whether Bitcoin can usher in a new
era of programmable, commodity money.


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What is money? We are taught to critically question and evaluate
the world around us. Yet, most people never query the essence of
what is perhaps civilisation’s most important tool. We readily
accept the money we have and use it without examining its
history, characteristics, or whether it could be improved and
changed.


We are living through extraordinary times. The world around us is
in flux: established norms are being upended. Yet, the most
extraordinary change is occurring without, arguably, the fanfare
it deserves. Money is changing. A viable alternative to fiat
currency has taken hold. An open and free, censorship-resistant
currency available to anyone with qualities that surpass previous
forms of money is carving out its place as the future of money.


Coins and notes are examples of money we are all familiar with.
Yet, shares, property, or in fact, any tradable item are also
forms of money. We interact with various forms of money, and
implicity utilise their attributes without proper examination.
So, what are the qualities and features of money? Why do we use
different forms of money? What is money?


It is only through proper consideration of these questions that
the unique and revolutionary properties of Bitcoin become
apparent. Bitcoin is much more than just a speculative digital
asset. It seeks to be the best money ever invented, combining the
benefits of gold, cash, and various contemporary stores of value.


More importantly, Bitcoin provides new features seeking to
protect the individual in the digital age. Bitcoin may be much
more than a useful tool, it could be a necessity.