{"id":2333,"date":"2015-06-22T05:33:28","date_gmt":"2015-06-22T05:33:28","guid":{"rendered":"https:\/\/courses.candelalearning.com\/masterymacro1xngcxmaster\/?post_type=chapter&#038;p=2333"},"modified":"2015-12-04T06:38:05","modified_gmt":"2015-12-04T06:38:05","slug":"video-what-is-money","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/suny-hccc-macroeconomics\/chapter\/video-what-is-money\/","title":{"raw":"Video: What is Money?","rendered":"Video: What is Money?"},"content":{"raw":"<h2>What is Money?<\/h2>\r\nWatch this lecture to review\u00a0what money is and how it works.\r\n\r\nhttps:\/\/youtu.be\/DjTs-rjVkB8?list=PLF2A3693D8481F442\r\n\r\n&nbsp;\r\n\r\nUnlike traditional money that is based not on a tangible asset (like gold), or on the faith of a government (like dollars), Bitcoin is a currency based on cryptography and algorithms. To transfer bitcoins, one uses keys and an algorithm. The currency is independent of banks and governments.\r\n\r\nhttps:\/\/youtu.be\/kqTJU7XNxwk\r\n\r\n&nbsp;","rendered":"<h2>What is Money?<\/h2>\n<p>Watch this lecture to review\u00a0what money is and how it works.<\/p>\n<p><iframe loading=\"lazy\" id=\"oembed-1\" title=\"(Macro) Episode 29: What is Money?\" width=\"500\" height=\"375\" src=\"https:\/\/www.youtube.com\/embed\/DjTs-rjVkB8?list=PLF2A3693D8481F442\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>&nbsp;<\/p>\n<p>Unlike traditional money that is based not on a tangible asset (like gold), or on the faith of a government (like dollars), Bitcoin is a currency based on cryptography and algorithms. To transfer bitcoins, one uses keys and an algorithm. The currency is independent of banks and governments.<\/p>\n<p><iframe loading=\"lazy\" id=\"oembed-2\" title=\"Bitcoin Virtual Currency\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/kqTJU7XNxwk?feature=oembed&#38;rel=0\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>&nbsp;<\/p>\n\n\t\t\t <section class=\"citations-section\" role=\"contentinfo\">\n\t\t\t <h3>Candela Citations<\/h3>\n\t\t\t\t\t <div>\n\t\t\t\t\t\t <div id=\"citation-list-2333\">\n\t\t\t\t\t\t\t <div class=\"licensing\"><div class=\"license-attribution-dropdown-subheading\">CC licensed content, Shared previously<\/div><ul class=\"citation-list\"><li>Video: Bitcoin. <strong>Provided by<\/strong>: BBC. <strong>Located at<\/strong>: <a target=\"_blank\" href=\"https:\/\/youtu.be\/kqTJU7XNxwk\">https:\/\/youtu.be\/kqTJU7XNxwk<\/a>. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/licenses\/by-nc-nd\/4.0\/\">CC BY-NC-ND: Attribution-NonCommercial-NoDerivatives <\/a><\/em><\/li><li>Video: (Macro) Episode 29: What is Money?. <strong>Authored by<\/strong>: Mary J. McGlasson. <strong>Located at<\/strong>: <a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=DjTs-rjVkB8&#038;index=29&#038;list=PLF2A3693D8481F442\">https:\/\/www.youtube.com\/watch?v=DjTs-rjVkB8&#038;index=29&#038;list=PLF2A3693D8481F442<\/a>. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/licenses\/by-nc-nd\/4.0\/\">CC BY-NC-ND: Attribution-NonCommercial-NoDerivatives <\/a><\/em><\/li><\/ul><\/div>\n\t\t\t\t\t\t <\/div>\n\t\t\t\t\t <\/div>\n\t\t\t <\/section>","protected":false},"author":74,"menu_order":6,"template":"","meta":{"_candela_citation":"[{\"type\":\"cc\",\"description\":\"Video: Bitcoin\",\"author\":\"\",\"organization\":\"BBC\",\"url\":\"https:\/\/youtu.be\/kqTJU7XNxwk\",\"project\":\"\",\"license\":\"cc-by-nc-nd\",\"license_terms\":\"\"},{\"type\":\"cc\",\"description\":\"Video: (Macro) Episode 29: What is Money?\",\"author\":\"Mary J. 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