Crypto's Role in Private Money History 🪙

Explore how cryptocurrencies fit into the long history of private money issuance in the U.S., alongside government-issued currency.

Crypto's Role in Private Money History 🪙
Patrick Boyle
303.4K views • Jan 19, 2022
Crypto's Role in Private Money History 🪙

About this video

In the United States, the government is not the only entity legally allowed to issue money. Private citizens and businesses are allowed to do so, too, and throughout U.S. history, they have done this. This type of money is referred to as private money, and it had mostly disappeared from circulation until Bitcoin was created in 2009. Today more than eight thousand cryptocurrencies exist, and more are appearing every day.

Why were private currencies so popular, and why are they coming back today?

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Views

303.4K

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11.8K

Duration

20:46

Published

Jan 19, 2022

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