2minutebitcoin on Nostr: Money is unique among all the goods we seek because we value money not for its own ...

Money is unique among all the goods we seek because we value money not for its own sake, but rather solely for its prospective exchange utility.

A medium of exchange’s value is related to each holder’s **expectations** of being able to use the unit in future trades.

> “How many people will accept the unit, how readily, and for what?“.


- an excerpt from the 2-minute version of Bitcoin Hypermonetization: Bubble Talk (2013)
https://www.2minutebitcoin.org/blog/bitcoin-hypermonetization-bubble-talk-2013