Why do we use money? How did we get to the point where billions of US dollars can be created by the Federal Reserve with the click of a button for bills that are never printed and have no relation to the finite assets those dollars used to be pegged against? Are cryptocurrencies and the digital blockchain the next evolution of worldwide finance?
The answer - according to Omid Malekan - is trust, and on today's episode of Ask Altucher, he and James take this conversation back thousands of years to the beginning of 'commodity money' and walk through its evolution to the present day.
Omid has been studying the relationship between trust and money for decades, working as a stockbroker, lead cryptocurrency consultant for Citi Group, professor at Columbia Business School, and author of several books, including Re-Architecting Trust: the Curse of History and the Crypto Cure for Money, Markets and Platforms as well as The Story of the Blockchain: A Beginner’s Guide to the Technology That Nobody Understands.
If you ever wanted to understand how and why the worldwide financial system operates, Omid explains it all in explicit yet accessible detail. Even seasoned financial professionals will take new nuggets of information away from this conversation.
------------
What to write and publish a book in 30 days? Go to JamesAltucherShow.com/writing to join James' writing intensive!
What do YOU think of the show? Head to JamesAltucherShow.com/listeners and fill out a short survey that will help us better tailor the podcast to our audience!
Are you interested in getting direct answers from James about your question on a podcast? Go to JamesAltucherShow.com/AskAltucher and send in your questions to be answered on the air!
------------
Visit Notepd.com to read our idea lists & sign up to create your own!
My new book Skip the Line is out! Make sure you get a copy wherever books are sold!
Join the You Should Run for President 2.0 Facebook Group, where we discuss why you should run for President.
I write about all my podcasts! Check out the full post and learn what I learned at jamesaltucher.com/podcast.
------------
Thank you so much for listening! If you like this episode, please rate, review, and subscribe to “The James Altucher Show” wherever you get your podcasts:
Apple Podcasts
Stitcher
iHeart Radio
Spotify
Follow me on Social Media:
YouTube
Mastery of Mind and Body: Pathways to Personal Excellence | Brian Johnson
What is going on with the Bitcoin ETF!? And the future of Crypto Market with Omid Malekan
The Power of Resilience | Soulaima Gourani's Journey from Adversity to Silicon Valley Success
2024: Harness the Chaos! A Revolutionary Approach to Redefining Success and Conquering the Unpredictable
Supercharge Your Mind, Supercharge Your Love | Amy Morin's Secrets to Unstoppable Mental Strength and Relationship Bliss!
The Secrets to Hosting Memorable and Impactful Social Events | Nick Gray
How to Redefine Success and Find True Happiness | Arthur Brooks
How to Make It in the NBA | Seth Stephens-Davidowitz
The Not-So-Obvious Secret Guaranteed to Transform Your Life | Hal Elrod
A 'Choose Yourself' Way to Become an Artist | Chase Jarvis
The Secret to Overcoming Impossible Odds | Mike Massimino
Mastering the 48 Laws of Power | Robert Greene
How To Get Anyone To Fall In Love With You
How To Make the Best Sports Bets | David Beaudoin (aka Professor MJ)
How to Build Wealth Buying Boring Businesses | Codie Sanchez
How to Have a Super Brain | Jim Kwik
How to make a few Billion Dollars | Brad Jacobs
How to Find Out if Your Idea is Good | Merrick Furst
Unimaginable Loss, Unexpected Lessons | Nick Shaw
The Secrets to Healthy Aging | Shawn Stevenson
Create your
podcast in
minutes
It is Free