Money Is Not Wealth: Why This Difference Is Vital

When developing crypto-economics systems, we need to understand this concept. Many feel that money is wealth since when it is in our bank account, we are wealthier. However, from an economic perspective, money does not mean wealth.

In this video I discuss how money is a tool to generate wealth. This is a vital concept when designing our crypto-economic systems. The focus thus far has been on the monetary aspect of cryptocurrency. Unfortunately, until we make the transition, we will be missing the full impact.