Broken Money & Bitcoin - Lyn Alden at Princeton University

Lyn Alden speaks at Princeton University about the history of money, the inherent problems in a centralized monetary system that have led to the broken money we have today, and how Bitcoin, through it's decentralization and digital nature, proposes to fix it.

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[chasbelair]

Lyn Alden is brilliant. If you disagree, please refrain from childish personal attacks, and attack Alden's arguments.

[mrsvp]

Happy to have heard Lyn Alden's Princeton University presentation. Yes, brilliant! 🏆 Sorry to have missed the event in person and the resulting Q&A.

[END-THE-FED]

If the dollar were to lose its reserve currency status today, we would only have a few options to conduct trade internationally. The top three would be Bitcoin, precious metals or another fiat currency. Bitcoin is head and shoulders above them all.

[jakethomas]

Bye-bye, Mr. America's lie.
Took my fiat to the deli, but nothing it could buy.
The good ol' BRIC boys shouted, screamed, & cried.
Is the the way the dollar dies?
This will be the way it dies.

[uhsemehicieronlas]

I recently found her in an interview about bitcoin and I love her.

[skijay]

like the condensed money history lesson but curious why US never gets mentioned given it's the biggest abuser of financial privilege in the world. it's always about some poor country somewhere not the elephant in the room.

[alphacentauri]

feedback... leave Q&A in the video..

[venumeagle]

What's stopping the masses from killing the pioneers of a new monetary standard?

[craigm.]

Everything will be tokenized in next 7 years….you can Trade or take payment with what you want…. I see people even trading a Credit, , , token….such as a paying someone with 10, 000 united airlines tokens, for a bicycle that the person may want….the person didn’t need the bike, …but could really use the united tokens to fly to see mom in Arizona…. It will all become settlement Trades…all done in immediate time, and no fee, or maybe $.05 easy

[replay]

Lyn is wrong about gold and silver being money. They are wealth. Bitcoin and dollars are money as they are intangible and imaginary demand. Bitcoin, like dollars, only exist in ones mind. It's a giant confidence game.

[MJ-nhdq]

The avg Joe will soon choose between 100 Satoshi or 1 Dogecoin. 100 Satoshi is currently less expensive. Full Bitcoins will be out of reach except for the BlackRocks of the world.

[hrsbg]

Screw you! I have only 3% of my portfolio in bitcoin and 22% in Gold.

[alpayerdogrul]

XRP will be the gold standart from nowadays. You will be sending BTC over XRP. It will not be BTC/USD anymore but BTC/XRP. Therefor the whole financial system will be using XRP as a asset to move blockchain. Point is the less XRP you will have to send, the less fees you will have to pay per transaction, thus the XRP price has to rise.