The benefit we get from money is the **optionality** it gives us. The **ability to defer our decisions** on what to get in exchange for our work/goods.
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 value.
When one has money, then one is not committed.
This benefit explains why we would want something that is good for keeping in storage - like gold.
-- an excerpt from It's Not About The Technology, It's About The Money (2016), its 2-minute version can be found here: https://2minutebitcoin.org/blog/bitcoin-is-about-the-money-not-the-blockchain-technology
2minutebitcoin
npub1p6…9ej3v
2023-05-13 00:05:08
Author Public Key
npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3vPublished at
2023-05-13 00:05:08Event JSON
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"created_at": 1683929108,
"kind": 1,
"tags": [],
"content": "The benefit we get from money is the **optionality** it gives us. The **ability to defer our decisions** on what to get in exchange for our work/goods.\n\nSomeone 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 value.\n\nWhen one has money, then one is not committed.\nThis benefit explains why we would want something that is good for keeping in storage - like gold.\n\n-- an excerpt from It's Not About The Technology, It's About The Money (2016), its 2-minute version can be found here: https://2minutebitcoin.org/blog/bitcoin-is-about-the-money-not-the-blockchain-technology",
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}