Answers from Money, Bitcoin, and Time
Episode 23 is inspired by an essay called Money, Bitcoin, & Time. The author of this paper is Robert Breedlove, a self described Freedom Maximalist on his Medium profile. Here at Go Full Crypto, we like to encourage people to ask themselves the following question.
What is Money?
It turns out, this question is a rabbit hole, as money has many definitions.
There are plenty of completely functional, independent ways of thinking about money. For example, it can be a unit of account, helping us keep track of the value that we own, or owe. Then it can also be a store of value, allowing value to be retained over time. At the same time that money contains these useful properties, it starts to feel strange when we consider that money is paradoxically valueless. Both bitcoin and paper bills are without value in the absence of people to believe it has value. In that sense, money is a belief system first.
Money, Bitcoin and Time is the single best resource I have come across that is able to make any real sense on a coherent, comprehensive definition of money.
Check out Money, Bitcoin and Time
You can consume this essay in a variety of ways.
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