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Daniel Larson
Econ Lessons
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Comments by "Daniel Larson" (@daniellarson3068) on "UNNATURAL: US Crypto Czar and Russia" video.
So once again this guy makes some good points. I think about things a little different. Money is a tool. Money is a way for you to exchange value. To do that it has to be somewhat fixed. It''s not perfect. For some reason they want 2 percent inflation, but inflation is usually slow enough that it's relatively fixed. "Normal" money is easy to use. You can have physical money or credit cards. It does the job for people. This crypto currency seems to have variable value. Would it do the same job for me in buying my milk and eggs? Probably not. I don't think normal people were asking for this "improvement." I don't think it solves too many problems of normal people. Maybe, they should have been working on a better mousetrap instead of cryptocurrency. Good video!
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