Cryptocurrencies are backed by something: it's the same thing backing traditional currency

Thinklair6.36K subscribers

21 views

About this video

Hand-picked by a BrighterTube curator · found via Reddit r/AskScienceDiscussion thread: I put together a list of science YouTube channels · 82% confidence

Explains what backs cryptocurrencies versus traditional currency. Compares monetary backing mechanisms across systems.

A 5-minute video from Thinklair: “Cryptocurrencies are backed by something: it's the same thing backing traditional currency”.

Video by Thinklair, played through YouTube's embedded player.

Related

When Should a Company Start a Patent Strategy?ThinklairEconomics

71 views

Staking in Crypto ThinklairEconomics

880 views

London Swallowed a City but Couldn't Digest It.CGP GreyHistory

8.58M views

Money creation in the modern economy - Quarterly Bulletin Bank of EnglandEconomics

281K views

Prepare A Cash Flow Statement | Direct Method Accounting StuffEconomics

CLOSING ENTRIES: Everything You Need To Know Accounting StuffEconomics

Once you understand game theory, you understand the world.VeritasiumScience & Math

26.8M views

But how does bitcoin actually work?3Blue1BrownProgramming & CS

Intro18.1M views

The Economics of Airline Class Wendover ProductionsEconomics

12.1M views

5. Nash equilibrium: bad fashion and bank runs YaleCoursesEconomics

169K views

Introduction to Instrumental Variables (IV)Marginal Revolution UniversityEconomics

Intro108K views

Ses 8: Equities MIT OpenCourseWareEconomics

309K views

When Should a Company Start a Patent Strategy?

71 views

A 5-minute video from Thinklair: “When Should a Company Start a Patent Strategy?”.

Staking in Crypto

880 views

A 6-minute video from Thinklair: “Staking in Crypto”.

London Swallowed a City but Couldn't Digest It.

8.58M views

Why the City of London is a separate, ancient corporation inside the metropolis of London, with its own government, police, privileges and unusual elections.

Money creation in the modern economy - Quarterly Bulletin

Bank of England

281K views

The Bank of England explains how commercial banks create money when they lend, and what that means for monetary policy.

Prepare A Cash Flow Statement | Direct Method

Accounting Stuff

A 18-minute accounting video from Accounting Stuff covering Appendix: Prepare a Completed Statement of Cash Flows Using the Direct Method, the section of OpenStax Principles of Financial Accounting it is paired with.

CLOSING ENTRIES: Everything You Need To Know

Accounting Stuff

A 14-minute accounting video from Accounting Stuff covering Describe and Prepare Closing Entries for a Business, the section of OpenStax Principles of Financial Accounting it is paired with.

Once you understand game theory, you understand the world.

26.8M views

Explains the iterated prisoner's dilemma and Robert Axelrod's tournaments, and what strategies like tit-for-tat reveal about cooperation.

But how does bitcoin actually work?

Intro18.1M views

How a cryptocurrency ledger actually works: signatures, hashing and proof of work, built up from a shared ledger.

The Economics of Airline Class

Wendover Productions

12.1M views

How airlines price and allocate premium cabins, and why a small number of business-class seats subsidise the whole aircraft.

5. Nash equilibrium: bad fashion and bank runs

169K views

Nash equilibrium, illustrated with coordination problems and bank runs.

Introduction to Instrumental Variables (IV)

Marginal Revolution University

Intro108K views

Instrumental variables: using a natural source of variation to estimate causal effects.

Ses 8: Equities

MIT OpenCourseWare

309K views

Valuing equities: dividend discount models, growth and the cost of capital.