TheGuySwann on Nostr: If I send you a gallon of milk and we both sign a receipt that it was delivered, you ...
If I send you a gallon of milk and we both sign a receipt that it was delivered, you drink it, then 2 years later I use the receipt to prove that you can give me back a gallon of milk and that we are even - that isn’t storing the milk. It’s keeping a record of it.
Money is a record of exchanged energy that is the closest to immutable as possible. I know a lot of people like the analogy, but it’s not accurate. Energy is a real thing, like milk, and money keeps a secure record of its production and consumption, it doesn’t store energy itself.
Money is a record of exchanged energy that is the closest to immutable as possible. I know a lot of people like the analogy, but it’s not accurate. Energy is a real thing, like milk, and money keeps a secure record of its production and consumption, it doesn’t store energy itself.