Just after the financial crash of 2008, I gave a talk about the true function of money in our modern capitalist economy (https://vimeo.com/2637829).
It’s been 6 years, and we seem to be living in an entirely different world. But how different is our current environment to the conditions in 2007?
This presentation with begin with the historical origins of money as a representation of value, then breeze through a modern theory of credit, debt, and fractional reserve banking. Finally, we’ll conclude with a look at the potential utopias and dystopias that may be arrive with the coming of a new age of crypto-currency.
money, history, economics, bitcoin, the illuminati
Marcus Estes is the co-founder and CEO of Chroma.fund, a Portland-based startup using the Bitcoin blockchain to build a local stock market. Previously he released the world’s first podcast music license, helped launch the Free Music Archive, collaborated with nonprofits to build open source software systems for fundraising and volunteer management, and toured with Kanye West as a technical consultant.