josephvoelbel on Nostr: The Watery Language of Money “Perhaps money’s fluid nature spawned its ...
The Watery Language of Money
“Perhaps money’s fluid nature spawned its water-based lexicon. Assets which cannot move are said to be frozen. A person who is highly liquid has lots of cash. Holding an asset valued at less than its initial cost means you’re underwater. Just as boats are collectively stored in the port, a collection of stocks is called a portfolio. Products priced to move are said to be on sale, a mere homonym, though akin to the sails that move windblown vessels across the seas of commerce. Currency, (from Latin currere, meaning “to run”), shares the same root as current. Hence why we call it cash flow, because money is made to move.
Moreover, a river’s current is directed by its banks, while currency is controlled by banks. Money, like water, is also directed by the path of least resistance, and mirrors water’s propensity to find the fastest route. With that in mind, could the current of financial progress, as it has evolved across land, water, air, and wire, be why we’ve found ourselves in this new era of cryptocurrency?” — Joseph Voelbel, Pay Attention to Bitcoin (2024)
#PayAttentiontoBitcoin
“Perhaps money’s fluid nature spawned its water-based lexicon. Assets which cannot move are said to be frozen. A person who is highly liquid has lots of cash. Holding an asset valued at less than its initial cost means you’re underwater. Just as boats are collectively stored in the port, a collection of stocks is called a portfolio. Products priced to move are said to be on sale, a mere homonym, though akin to the sails that move windblown vessels across the seas of commerce. Currency, (from Latin currere, meaning “to run”), shares the same root as current. Hence why we call it cash flow, because money is made to move.
Moreover, a river’s current is directed by its banks, while currency is controlled by banks. Money, like water, is also directed by the path of least resistance, and mirrors water’s propensity to find the fastest route. With that in mind, could the current of financial progress, as it has evolved across land, water, air, and wire, be why we’ve found ourselves in this new era of cryptocurrency?” — Joseph Voelbel, Pay Attention to Bitcoin (2024)
#PayAttentiontoBitcoin