cryptohamster on Nostr: Zero is the Future of Money Beyond crypto and fiat lies something more exciting than ...
Zero is the Future of Money
Beyond crypto and fiat lies something more exciting than both
Brett Scott
https://www.asomo.co/p/the-crypto-credit-alliance
“… if you have that subconscious baseline viewpoint, but nevertheless come to have an awareness that modern money isn’t actually a commodity, it creates a cognitive dissonance that must force you down one of two paths:
* Path 1: Modify your concept of what a commodity is to calm the cognitive dissonance: Many people are aware that money isn’t literally a commodity, but nevertheless must find ways to describe it as if it were, and so default to thinking about it as a kind of mysterious ‘fictitious commodity’. The most common way to do this is to claim that we all just collectively decided - through an act of imagination or belief - to imbue it with value. It’s a bit like Peter Pan’s view of flying: money will fly as long as we all keep believing
* Path 2: See it as an imposter or fake commodity: I’ve given talks on global finance for over a decade, and I’ve lost count of the times when someone in the audience rants about how the real problem with finance is that money is ‘backed by nothing’, and that there’s no gold in the central bank’s vault, and that the system is therefore a giant Ponzi scheme made up of farcical units that are pretending to be a commodity, with some deceitful power that tries to force you to use them, or to deceive you into believing they are valuable”
Beyond crypto and fiat lies something more exciting than both
Brett Scott
https://www.asomo.co/p/the-crypto-credit-alliance
“… if you have that subconscious baseline viewpoint, but nevertheless come to have an awareness that modern money isn’t actually a commodity, it creates a cognitive dissonance that must force you down one of two paths:
* Path 1: Modify your concept of what a commodity is to calm the cognitive dissonance: Many people are aware that money isn’t literally a commodity, but nevertheless must find ways to describe it as if it were, and so default to thinking about it as a kind of mysterious ‘fictitious commodity’. The most common way to do this is to claim that we all just collectively decided - through an act of imagination or belief - to imbue it with value. It’s a bit like Peter Pan’s view of flying: money will fly as long as we all keep believing
* Path 2: See it as an imposter or fake commodity: I’ve given talks on global finance for over a decade, and I’ve lost count of the times when someone in the audience rants about how the real problem with finance is that money is ‘backed by nothing’, and that there’s no gold in the central bank’s vault, and that the system is therefore a giant Ponzi scheme made up of farcical units that are pretending to be a commodity, with some deceitful power that tries to force you to use them, or to deceive you into believing they are valuable”