Guy on Nostr: Me too. It's still a medium of exchange and to me not quite money. "A medium of ...
Me too. It's still a medium of exchange and to me not quite money. "A medium of exchange which is commonly used as such is called money." says Mises. Maybe I do not use it enough and maybe you do. "The notion of money is vague, as its definition refers to the vague term 'commonly used.' There are borderline cases in which it cannot be decided whether a medium of exchange is or is not 'commonly' used and should be called money." Meh. You say tomato I say tomato. Fair enough.
How about this, though: the purchasing power of Bitcoin (based on the entire array of prices of all the goods and services in the market) keeps rising to new highs regardless of which money is used for calculation. Right?
Published at
2024-03-04 19:35:37Event JSON
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"content": "Me too. It's still a medium of exchange and to me not quite money. \"A medium of exchange which is commonly used as such is called money.\" says Mises. Maybe I do not use it enough and maybe you do. \"The notion of money is vague, as its definition refers to the vague term 'commonly used.' There are borderline cases in which it cannot be decided whether a medium of exchange is or is not 'commonly' used and should be called money.\" Meh. You say tomato I say tomato. Fair enough.\n\nHow about this, though: the purchasing power of Bitcoin (based on the entire array of prices of all the goods and services in the market) keeps rising to new highs regardless of which money is used for calculation. Right?",
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