TheGuySwann on Nostr: There’s a very simple test to understand this: 1. Everyone produces a ton of stuff ...
There’s a very simple test to understand this:
1. Everyone produces a ton of stuff and trades it for money
2. They hold the money for 10 years
3. All of society is destroyed production stops due to economic crisis or natural disaster
4. Everyone still has their money
Can you get the energy out of the money now?
Obviously you can’t, because none is being produced and the money didn’t actually store it. It is a record that allows you to trade for new energy produced far into the future because someone else values the money as a trustworthy record keeping system.
1. Everyone produces a ton of stuff and trades it for money
2. They hold the money for 10 years
3. All of society is destroyed production stops due to economic crisis or natural disaster
4. Everyone still has their money
Can you get the energy out of the money now?
Obviously you can’t, because none is being produced and the money didn’t actually store it. It is a record that allows you to trade for new energy produced far into the future because someone else values the money as a trustworthy record keeping system.