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Missing the forest for the trees. Those three functions of money are the “cliff notes” description of money, but there is a deeper abstraction that all of those
by jotakami 7y ago
Missing the forest for the trees. Those three functions of money are the “cliff notes” description of money, but there is a deeper abstraction that all of those properties can be derived from: money is a ledger. In the case of cash or bitcoin, the ledger has a constraint that negative balances are not allowed.