76 / What is money?
Intro to the write your first smart contract workshop

In this episode, we explored key concepts such as what is a token, what is an NFT, what is money and how a coat check works. These elements will help understand the design behind blockchain systems. We differentiated between ERC-20/bitcoin and ERC-721/NFT, and how they relate to conventional money and coat check systems. Get ready for the next week''s workshop!

Timeline

00:40 Welcome

00:43 What is money?

02:23 How does a coat check work?

02:59 Blockchain—what is ERC-20/Bitcoin, what is ERC-721/NFT

04:55 Prepared for next week's workshop

07:00 Thank you for staying to the VERY END of the show

Badges

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Episode notes

• Student list

[Past class attendees](https://github.com/su-squares/student-list)

• Invite to the show, past attendees and people that discussed at: (add twitter handles into this file below)
  • DLT women HK
  • https://twitter.com/fulldecent/status/1030824395592359936
  • https://twitter.com/dlt_education/status/997570222130368515
  • https://twitter.com/hongchong_nft/status/1483639556268167170
  • 2022-01-18
  • https://twitter.com/theding0x/status/1483640733269643264
  • https://twitter.com/Cbh4ou/status/1483641553205747716
  • https://twitter.com/willdjthrill/status/1483641739248242690
  • https://twitter.com/kaikun26/status/1483642390497964033
  • https://twitter.com/0xjieunah/status/1483643150212431872
  • https://twitter.com/wrinkily/status/1483645012554522627
  • https://twitter.com/tomalex_eth/status/1483649158485782535
• NFT Tallinn speakers Telegram group
• Invite Laura + Vj to translate lesson to Spanish?
• Send hype
  • https://twitter.com/fulldecent/status/1658090100360609797
  • https://twitter.com/fulldecent/status/1658306446319050752

CALL NOTES

• Workshop: build your own smart contract // part 1 of 2, what is a token and what is an NFT?
• Use Jitsi for video

• Get guests for future shows

• Do your homework before next class!
• @brunolarvol Bruno Larvol // Guest speaker?
• @poyo_eth BRC-721
• Marco Troja / CEO & Co-Founder / ANIMA Blockchain S.R.L.

TWEET

• First time ever! The “write your first smart contract workshop” open to the public, live on Twitter and Twitch!

• NON TECHNICAL, and all about the common sense.

• First question: what is money!

  [[ PHOTO OF THE MONEY]] // this is a money shot

  Here it is as a blog post too [https://blog.phor.net/2023/05/15/What-is-money.html

  ](https://blog.phor.net/2023/05/15/What-is-money.html)Shout out to @missvikii for being VERY knowledgeable about money

• Next question: how does a coat check work?

  People store valuable coats there.

  And WHY don’t they get stolen more often?

• These two points are MAJOR considerations in designing blockchain systems and you need to understand them completely.

• Then we get into blockchain—what is ERC-20/Bitcoin, what is ERC-721/NFT. And how are they fundamentally different from the money and coat checks we are used to?

• Now you are prepared! Next week is the 2/2 workshop to make your own smart contact.

• Thank you for staying to the VERY END of the show. Shout out to: