Part 9/16:
Imagining a Multicurrency World
The speaker fabricates a future scenario: rural villages using local currencies featuring dog memes or historical figures like Elizabeth—without knowing their origin or significance—yet trading goods through their perceived value. The key is adoption, not origin.
Here, one currency might have a predictable monetary policy making it more intrinsically valuable (e.g., algorithmically controlled supply), whereas another might be entirely based on community preference or popularity. Some currencies will derive their value from trust and network effects rather than issuance authority.