Peyton Allworth on Nostr: Money is like a language to communicate value/work over space and time. Usually the ...
Money is like a language to communicate value/work over space and time.
Usually the market finds the best money for this but the government has subjected by us by decree to a money that is poor at communicating value over space and time. Imagine your language just changed meaning every day due to federal reserve policy. Communication and anything built on top would become ineffective.
Because of the petro dollar which it’s proof of work is backed by oil and maintained from war is able to be printed at will it is essentially eroding the ability to communicate you work that you give to the economy. If you want to store your labor for the future you are forced to bet in the financial system. Because of this your ability to communicate your efforts to the economy is reduced and some of our best and brightest contributors to society end up in a bloated financial system.
Usually the market finds the best money for this but the government has subjected by us by decree to a money that is poor at communicating value over space and time. Imagine your language just changed meaning every day due to federal reserve policy. Communication and anything built on top would become ineffective.
Because of the petro dollar which it’s proof of work is backed by oil and maintained from war is able to be printed at will it is essentially eroding the ability to communicate you work that you give to the economy. If you want to store your labor for the future you are forced to bet in the financial system. Because of this your ability to communicate your efforts to the economy is reduced and some of our best and brightest contributors to society end up in a bloated financial system.