Does money need some alternative utility? Ā Is there an example of virtual money that could be hundreds of years old? Ā 

Today we read about one of the most interesting analogies to the nature and value of Bitcoin in the piece, “The Island of Stone Money” by Milton Friedman. Ā Made available by the Hoover institute and published in 1991. Ā 

Don’t forget to check out the huge collection available at the Hoover Institute, including numerous works by Milton Friedman.
https://www.hoover.org/publications/economics-working-papers
https://miltonfriedman.hoover.org/friedman_images/Collections/2016c21/Stanford_02_01_1991.pdf

Other episodes and content mentioned in the show:
Friedman’s “Free to Choose” Serieshttps://www.youtube.com/watch?v=D3N2sNnGwa4
The Triple-Entry Revolution of Bitcoinhttps://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_255—Bitcoin-An-Accounting-Revolution-e473tj

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