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
2minutebitcoin
npub1p6…9ej3v
2023-04-29 20:56:52
Author Public Key
npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3vPublished at
2023-04-29 20:56:52Event JSON
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"content": "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.\n\nThis explains why people value money with gold-like properties more - they enable this behavior much better.\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 goods/services.\n\n- 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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