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
2minutebitcoin
npub1p6…9ej3v
2023-05-06 02:55:04
Author Public Key
npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3vPublished at
2023-05-06 02:55:04Event JSON
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"content": "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.\n\nA medium of exchange’s value is related to each holder’s **expectations** of being able to use the unit in future trades.\n\n\u003e “How many people will accept the unit, how readily, and for what?“.\n\n\n- an excerpt from the 2-minute version of Bitcoin Hypermonetization: Bubble Talk (2013) \nhttps://www.2minutebitcoin.org/blog/bitcoin-hypermonetization-bubble-talk-2013",
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}