josephvoelbel on Nostr: I wrote this essay last year called, 'The Evolution of Money'; this is the first in a ...
I wrote this essay last year called, 'The Evolution of Money'; this is the first in a collection that will become a book. 📚
"Perhaps money’s fluid nature spawned its numerous water-based terminologies. Assets which cannot move are said to be frozen. A person who is highly liquid has lots of cash. Holding an asset valued at less than its initial cost means you’re underwater. Just as boats are collectively stored in a port, a collection of stocks is called a portfolio. Products priced to move are said to be on sale, admittedly a mere homonym, though akin to the sails that move windblown vessels across the seas of commerce. Currency, (from Latin currere, meaning “to run”), shares the same root as current."
https://banklesspublishing.com/the-evolution-of-money/
"Perhaps money’s fluid nature spawned its numerous water-based terminologies. Assets which cannot move are said to be frozen. A person who is highly liquid has lots of cash. Holding an asset valued at less than its initial cost means you’re underwater. Just as boats are collectively stored in a port, a collection of stocks is called a portfolio. Products priced to move are said to be on sale, admittedly a mere homonym, though akin to the sails that move windblown vessels across the seas of commerce. Currency, (from Latin currere, meaning “to run”), shares the same root as current."
https://banklesspublishing.com/the-evolution-of-money/