1 minute reading time
the debugs of money...
become apparent on how flawed the current implementation is
past : oil/$ , future : bitpopcorn
why of it..
oil/$ : based on %...
bitpopcorn : based on 'energy'...
there is no % in bitpopcorn...
coz there is no 'inflation' in any artificial construct..
just effort...
the debug : money is a quantification of 'value'..
just like maths quantifies physics.
value : is defined by 'time'..
bitpopcorn is better : coz it is 'fast' and 'cheap' : capitalism ✅
what makes it flawed : santoshi nakamura : the guy who 'created it'..
and somehow : found enough 'nodes' to 'power' it...
now: what gives it 'value' : is the rareness and exclusivity of it..
...energy of 'hashes' : created a ponzy scheme of 'value'
the new 'money' : is already being 'birthed'..
not by definition : but by 'evolution'...
sure some tech would come around to make it 'faster'..
but the fundamental question is '%' or 'interest'..
who should any1 pay % in 'value' of 'imaginary $'?
thats the bigger puzzle of it..
i do have solutions..
but 'time' would decide the 'shape' of it.