What is money?*
A store of value. A medium of exchange. A unit of account. The highest form of power. A concept for our time. A call option on everything we want. Liquid fitness. A psychotechnology that allows rational economic calculation. A mediator between individual and distributed cognition. A social contract. A universal language. A way of comparing a thing to something else. A way to store your excess productivity. Something valuable you work for. An ubiquitous human phenomenon. The fundamental base of an economy. Money is freedom. A technology for communicating value. The counterweigh to anything of value, and thus valueless in itself. A share in the economy. A convention for the exchange of goods. A signal of the most productive use. An extension or our collective mind. A way to store time. A convenient and beautiful abstraction. The most saleable good. Something most people don’t talk about. Something you have to figure out. True money is a hedge, while fiat money is whatever the states says it is. The single most important question from the world today.
*Compilation from #[0]'s WiM297
#Bitcoin #whatismoney
