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RT @Plinz: Money is not simply a medium of exchange. It’s a self improving global inter human reward mechanism that imperfectly approximate…
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Repost · Jan 22, 2024RT @eshear: @loveofdoing Money is most closely modeled as "keeping track of how many favors you are owed". It starts as a token (eg cowrie…Reply · Jun 5, 2023@The_Bit_Signal @LastNPCAlex but the value of any particular coin depends on everyone agreeing to treat it as valuable & exchange it for goods n…Reply · May 15, 2023money is an abstract representation of value... create something from nothing and trade it for moneyReply · Aug 24, 2023@Carlosdavila007 money represents labor, ingenuity, risk, thrift... I don't think it is meaningless tho it is an imperfect proxy