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2minutebitcoin
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2023-04-29 18:56:52

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
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