satspoor on Nostr: "Nature's ledger (gold) has robust parameters for supply and debasement but doesn't ...
"Nature's ledger (gold) has robust parameters for supply and debasement but doesn't move and get verified fast enough in the telecommunication age. Mankind's ledger (the dollar) moves and gets verified fast enough but doesn't have robust parameters for supply and debasement. The only way to fix this speed gap in the long run would be to develop a way for a widely accepted, scarce, monetary bearer asset itself to also be able to settle over long distances at the speed of light."
- Lynn Alden, Broken Money, pp. 105-106
What a paragraph to end a section. Brilliant summary and setup. Fantastic read thus far,
LynAlden (npub1a2c…w83a)! Thank you.
Published at
2023-12-29 15:16:38Event JSON
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"content": "\"Nature's ledger (gold) has robust parameters for supply and debasement but doesn't move and get verified fast enough in the telecommunication age. Mankind's ledger (the dollar) moves and gets verified fast enough but doesn't have robust parameters for supply and debasement. The only way to fix this speed gap in the long run would be to develop a way for a widely accepted, scarce, monetary bearer asset itself to also be able to settle over long distances at the speed of light.\"\n\n- Lynn Alden, Broken Money, pp. 105-106\n\nWhat a paragraph to end a section. Brilliant summary and setup. Fantastic read thus far, nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a! Thank you.",
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