TerrestrialOrigin on Nostr: It is, tho. You've basically stored a gallllon of milk withme for two years. You go ...
It is, tho. You've basically stored a gallllon of milk withme for two years.
You go to work. You spend energy working. They give you money. You are then able to extract energy out of that money in form of callories (food), electricity (paying electric bill), etc. You can do it at a later date (the energy you have stored in money sits there until you decide to use it. Some of that energy can leak out in form of inflation (just like batteries are not 100% efficient at storing energy).
The capacity of the battery that is money is not determined by an individual, butthesociety at large. This is why currency can increase and decrease in value. If there is one dollar in existence for the entire country, 100% od the energy present in the country can be storer in that one dollar. If someone prints another dollar, now each dollar is worth 50% of thecountry's GDP,etc. It's more complicated than this, but you getthe gist.
Energy is weird and can be stored in weird ways. If you carry a bolulder up a hill and leave it there, the energy you've spent carrying the boulder up is stored in that boulder. It'scalled potential energy. The boulder can discharge that energy by falling. That energy can be used, forexample to damage a house underneath the hill.
You go to work. You spend energy working. They give you money. You are then able to extract energy out of that money in form of callories (food), electricity (paying electric bill), etc. You can do it at a later date (the energy you have stored in money sits there until you decide to use it. Some of that energy can leak out in form of inflation (just like batteries are not 100% efficient at storing energy).
The capacity of the battery that is money is not determined by an individual, butthesociety at large. This is why currency can increase and decrease in value. If there is one dollar in existence for the entire country, 100% od the energy present in the country can be storer in that one dollar. If someone prints another dollar, now each dollar is worth 50% of thecountry's GDP,etc. It's more complicated than this, but you getthe gist.
Energy is weird and can be stored in weird ways. If you carry a bolulder up a hill and leave it there, the energy you've spent carrying the boulder up is stored in that boulder. It'scalled potential energy. The boulder can discharge that energy by falling. That energy can be used, forexample to damage a house underneath the hill.