Great article F0xr, i found my way here from your Nostr post. This is very easy to read and a resource for people starting to find their way down the "what is money" rabbit hole. Keep writing..
Hey great article! I came here from your Nostr “ad campaign” so message me back here on Nostr and let me know how it goes! I’m a small business as well!
I like the swimming naked in the tide quote reference haha. Who was that again? Munger or Buffet right?
I like what you said about money just being a ledger for deferred consumption. I recently listened to a pidcast that described it great too, but more abstract in a way than you did, but i think helps to lend some understanding to money and how it works as well. He described it as both a vessel like a cup, and the value that the cup has. The value is actually the space in which YOU CAN FILL the cup. The money is the vessel that you store your value like bitcoin does (especially in the equity sense you talk about!) but also, your money is what you trade your energy and time for and put IN that cup as well, to later be used to pour out at a different time and place for something else you like, and even pour into somebody elses cup. In a way, this new form of money in BTC, because of the tech element, is both the Cup AND the liquid in a way! So interesting to think about…
Also, i 100% agree with your implications. The shifts that can happen from these major foundational changes is basically incomprehensible, because try as we might, nobody can know the damn future haha or how irrational or rational us as a DUNCE human race can be haha. The same podcast i listened to compared the change Bitcoin can have for money that the discovery of the number “0” had for math. Love that kind of stuff! Bitcoin possibilities are INFINITE! 😉
But i like how you toy and play with the concepts and project out your thoughts of the future. The more people do that, the possibilities that will become apparent, i think. So keep on writing! A definite follow from me!
That's a very interesting analogy. Money is so closely tied to the concept of value. And value is really a human concept, so the value of different things is essentially determined by how we humans act. Fascinating to think about.
If only working hard and being frugal was automatically rewarding🤭 I like your article it's simple enough for this carpenter to follow. And I will follow for more content. Eating the seed corn is a saying that I will try to incorporate into conversations in the future..
Carpentry is my day job as well. It tends to be repetitive at times, which leaves plenty of opportunity for my mind to wander and explore different concepts and ideas.
Great article F0xr, i found my way here from your Nostr post. This is very easy to read and a resource for people starting to find their way down the "what is money" rabbit hole. Keep writing..
Hey great article! I came here from your Nostr “ad campaign” so message me back here on Nostr and let me know how it goes! I’m a small business as well!
I like the swimming naked in the tide quote reference haha. Who was that again? Munger or Buffet right?
I like what you said about money just being a ledger for deferred consumption. I recently listened to a pidcast that described it great too, but more abstract in a way than you did, but i think helps to lend some understanding to money and how it works as well. He described it as both a vessel like a cup, and the value that the cup has. The value is actually the space in which YOU CAN FILL the cup. The money is the vessel that you store your value like bitcoin does (especially in the equity sense you talk about!) but also, your money is what you trade your energy and time for and put IN that cup as well, to later be used to pour out at a different time and place for something else you like, and even pour into somebody elses cup. In a way, this new form of money in BTC, because of the tech element, is both the Cup AND the liquid in a way! So interesting to think about…
Also, i 100% agree with your implications. The shifts that can happen from these major foundational changes is basically incomprehensible, because try as we might, nobody can know the damn future haha or how irrational or rational us as a DUNCE human race can be haha. The same podcast i listened to compared the change Bitcoin can have for money that the discovery of the number “0” had for math. Love that kind of stuff! Bitcoin possibilities are INFINITE! 😉
But i like how you toy and play with the concepts and project out your thoughts of the future. The more people do that, the possibilities that will become apparent, i think. So keep on writing! A definite follow from me!
Thanks for the kind words!
That's a very interesting analogy. Money is so closely tied to the concept of value. And value is really a human concept, so the value of different things is essentially determined by how we humans act. Fascinating to think about.
If only working hard and being frugal was automatically rewarding🤭 I like your article it's simple enough for this carpenter to follow. And I will follow for more content. Eating the seed corn is a saying that I will try to incorporate into conversations in the future..
Thanks for the kind words Michael!
Carpentry is my day job as well. It tends to be repetitive at times, which leaves plenty of opportunity for my mind to wander and explore different concepts and ideas.
Appreciate the follow!