Lecture 2 in The Bitcoin Standard explains the problem money solves, how the solution shapes the desirable properties of money: salability across scales, space & time; why the latter property, expressed through hardness, is the critical feature of money & how it can be measured.

Join the live discussion on Twitter/X Spaces on Tuesday 27 October at 14:00 UTC. Follow @saifedean for the session link.

For upcoming live discussions and the current seminar schedule, follow @saifedean on Twitter/X.