josephvoelbel on Nostr: Snip of forthcoming book: "Perhaps money’s fluid nature spawned its numerous ...
Snip of forthcoming book: "Perhaps money’s fluid nature spawned its numerous water-based terminologies. 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, admittedly 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. That’s why we call it cash flow, because it’s made to move. A river’s current is directed by its banks, while currency is controlled by banks.
This historical movement of the nature of money, what collectively is deemed money, is like water also directed by the path of least resistance, nature’s propensity to find the fastest way forward.
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?”
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, admittedly 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. That’s why we call it cash flow, because it’s made to move. A river’s current is directed by its banks, while currency is controlled by banks.
This historical movement of the nature of money, what collectively is deemed money, is like water also directed by the path of least resistance, nature’s propensity to find the fastest way forward.
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?”