2minutebitcoin on Nostr: The unique utility that money gives us stored optionality - the ability to defer the ...
The unique utility that money gives us stored optionality - the ability to defer the decision of what to receive in exchange for your work/goods.
This explains why people value money with gold-like properties more - they enable this behavior much better.
Someone who does not want to use money must, by definition, have a very good idea about what he wants to get in exchange for his goods/services.
- an excerpt from the 2-minute version of It's Not About The Technology, It's About The Money (2016) https://2minutebitcoin.org/blog/bitcoin-is-about-the-money-not-the-blockchain-technology
This explains why people value money with gold-like properties more - they enable this behavior much better.
Someone who does not want to use money must, by definition, have a very good idea about what he wants to get in exchange for his goods/services.
- an excerpt from the 2-minute version of It's Not About The Technology, It's About The Money (2016) https://2minutebitcoin.org/blog/bitcoin-is-about-the-money-not-the-blockchain-technology