Money's Fourth Attribute
Ryan discusses the often-overlooked fourth attribute of money: its role as a standard of deferred payment, particularly in the context of global debt denominated in dollars. As economic uncertainty rises, the demand for dollars increases, highlighting the importance of liquidity. In the DeFi space, ether is emerging as a new standard of deferred payment, with stablecoins like DAI acting as debt notes against ether, showcasing the evolving financial landscape.In this clip
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Bankless
7 - Ether’s Value Mechanisms
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