14.6: Video: What is Money?
- Page ID
- 84659
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What is Money?
Watch this lecture to review what money is and how it works.
A YouTube element has been excluded from this version of the text. You can view it online here: http://pb.libretexts.org/ma/?p=558
Unlike traditional money that is based not on a tangible asset (like gold), or on the faith of a government (like dollars), Bitcoin is a currency based on cryptography and algorithms. To transfer bitcoins, one uses keys and an algorithm. The currency is independent of banks and governments.
A YouTube element has been excluded from this version of the text. You can view it online here: http://pb.libretexts.org/ma/?p=558
CC licensed content, Shared previously
- Video: Bitcoin. Provided by: BBC. Located at: https://youtu.be/kqTJU7XNxwk. License: CC BY-NC-ND: Attribution-NonCommercial-NoDerivatives
- Video: (Macro) Episode 29: What is Money?. Authored by: Mary J. McGlasson. Located at: https://www.youtube.com/watch?v=DjTs-rjVkB8&index=29&list=PLF2A3693D8481F442. License: CC BY-NC-ND: Attribution-NonCommercial-NoDerivatives