The gold specie standard arose from the widespread acceptance of gold as currency. Various commodities have been used as money; typically, the one that loses the least value over time becomes the accepted form. Chemically, gold is of all major metals the one most resistant to corrosion.
Cryptocurrencies help networks of computers and their human owners organize themselves in pursuit of large scale initiatives without having to rely on a central authority to coordinate the network’s actions. Cryptocurrencies are used to reward the behavior their network wishes to incentivize.
Hoffman has spent the past three decades studying perception, artificial intelligence, evolutionary game theory and the brain, and his conclusion is a dramatic one: The world presented to us by our perceptions is nothing like reality. What’s more, he says, we have evolution itself to thank for this magnificent illusion, as it maximizes evolutionary fitness by driving truth to extinction.