What Is Money? Currency and Cryptocurrency was hosted by Complex founder Marc Ecko. He discussed what exactly is going on in the world of new money, with help from a group of experts.
Joe Lubin, co-founder of Ethereum, a computing platform and cryptocurrency, was first up. He sang the praises of blockchain technology.
“In order to build a money system that's of the people, by the people, and for the people, without centralized central bank control and issuance, you need a data infrastructure that everybody can trust,” he explained. “And the blockchain is that new kind of database system that everybody can trust.”
Lubin and Ecko also talked about a potential revolution in advertising—the idea that crypto could create “attention markets,” where consumers would be paid to look at an ad.
Iddris Sandu, a 20-year-old tech prodigy who started working at Google when he was only 13, was also on site. He described cryptocurrency as money that “can be used in any scenario, without restrictions.”
Nipsey Hussle, a business-savvy rapper who is co-owner of Follow Coin, weighed in as well. He explained why he got involved in the world of cryptocurrency (after, to his regret, turning down an early tip from Ecko to invest in Bitcoin).
“As an entrepreneur, as an investor, I'm trying to be as educated as I can to where the progression of technological capability is going, and what it does to these different categories that, me as an artist and an influencer, I can get involved and bring value,” he clarified.
Galia Benartzi, the co-founder of Bancor, ended the discussion by summing up the need for new forms of exchange.
“Money is a tool that lets us cooperate and collaborate. It's like language,” she said. “We can program money now to work better for humans, instead of humans working for money.”
You can watch the entire panel above, and keep it locked to Complex as we'll be sharing more ComplexCon(versations) panels featuring the likes of André 3000, Lena Waithe, Ryan Coogler, Virgil Abloh, and more.
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