2minutebitcoin on Nostr: The benefit we get from money is the **optionality** it gives us. The **ability to ...
The benefit we get from money is the **optionality** it gives us. The **ability to defer our decisions** on what to get in exchange for our work/goods.
Someone who does not want to use money must by definition have a very good idea about what he wants to get in exchange for his value.
When one has money, then one is not committed.
This benefit explains why we would want something that is good for keeping in storage - like gold.
-- an excerpt from It's Not About The Technology, It's About The Money (2016), its 2-minute version can be found here: https://2minutebitcoin.org/blog/bitcoin-is-about-the-money-not-the-blockchain-technology
Someone who does not want to use money must by definition have a very good idea about what he wants to get in exchange for his value.
When one has money, then one is not committed.
This benefit explains why we would want something that is good for keeping in storage - like gold.
-- an excerpt from It's Not About The Technology, It's About The Money (2016), its 2-minute version can be found here: https://2minutebitcoin.org/blog/bitcoin-is-about-the-money-not-the-blockchain-technology