Interesting article.
However money is equity and bitcoin is not a stock.
Bitcoin works as a store of value because of its limited supply. With enough time, it will progress to be a medium of exchange and lastly unit of account.
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I recently started a Substack newsletter and I've been brainstorming ways to bootstrap my subscriber list. I don't use social media outside of Nostr, and I'd like to keep it that way.
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So I'm going to run an experiment myself and see how this works. I recently wrote an article about Bitcoin and money inspired by a comment @Odell made on a recent Citadel Dispatch episode. If you're interested in the philosophy of money and banking, you might enjoy it.
I'm going to link the article below. It's about a 20 minute read. So the first 10 people who read the article and leave a thoughtful response, commentary, or criticism as a reply to this note will get zapped 15,000 sats each. I think that's fair for 20 minutes of your time. After the first ten replies, I'll zap each additional reader 1,500 sats as long as my funds hold out.
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https://open.substack.com/pub/f0xr/p/money-as-equity?r=3i492j&utm_campaign=post&utm_medium=web
Discussion
Money is not equity
for me it's just a currency. Best in the world yet just a currency.
Thanks for your input!
Bitcoin is certainly not a stock, I agree with that π―. But I do think money has certain equity-like qualities, and the boundaries aren't necessarily clearly defined. For example, a stock can also function as a store of value. And executives are often paid part of their compensation in stock or stock options, so a stock can also have a medium of exchange application. That doesn't make stocks money, but it does blur the boundaries between what money is and is not, and raise questions about how different forms of money will function based on their specific qualities.