Reed on Nostr: Just because society stops believing in Santa Claus doesn’t mean we will revert to ...

Just because society stops believing in Santa Claus doesn’t mean we will revert to barter. Money is not a story we tell ourselves. It’s an emergent technology that solves a persistent economic need.

Money will not cease to exist just as the coincidence of wants problem will never cease to exist. In the end, the best money wins.

This is a futile attempt to abstract the definition of money. The more abstract it is, the easier it is to manipulate.