How Money & Banking Work (& why they're broken today) - Lyn Alden
youtu.be
In this 30-minute explainer video, Lyn Alden takes a step back through history and looks into the intricacies of money and banking, offering an answer to an ...

An enlightening and high quality video on how money and the banking system work, why they are corrupted and what is the solution.

  • Catsrules@lemmy.ml
    ·
    3 months ago

    money has to be backed by the state

    I think the point if Bitcoin was to challenge this statement.

    • FuckyWucky [none/use name]
      ·
      3 months ago

      Yea and why cryptocurrency isn't money with its exchange rate being determined by how much fiat currencies are entering and exiting.

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