kane on Nostr: Money, Currency, and Wealth. Very different terms used too frequently as being ...
Money, Currency, and Wealth. Very different terms used too frequently as being interchangeable.
https://kanemcgukin.substack.com/p/bitcoin-ai-and-the-true-nature-of
š° Money = A store of value across time. Historically, gold and real estate have been the best forms of money. They retain purchasing power but are not instantly liquid. Bitcoin is the first to store value AND be instantaneously liquid.
šµ Currency = A short-term medium of exchange. Currency is man-made, designed to facilitate transactions. They promote grift and always go to zero or change over time (fiat, stocks, baseball cards, clipped coins).
šļø Wealth = The underlying principles and value systems that allow civilization to move forward. If money is lost, wealth can still rebuild it. If wealth is destroyed, progress stops entirely.
https://kanemcgukin.substack.com/p/bitcoin-ai-and-the-true-nature-of
š° Money = A store of value across time. Historically, gold and real estate have been the best forms of money. They retain purchasing power but are not instantly liquid. Bitcoin is the first to store value AND be instantaneously liquid.
šµ Currency = A short-term medium of exchange. Currency is man-made, designed to facilitate transactions. They promote grift and always go to zero or change over time (fiat, stocks, baseball cards, clipped coins).
šļø Wealth = The underlying principles and value systems that allow civilization to move forward. If money is lost, wealth can still rebuild it. If wealth is destroyed, progress stops entirely.