4 ms·
Money is a proxy for attention. Average lifespan of a particular currency implementation is ~30 years. What matters, is a distribution of assets between actors,
by a4444f 6y ago
Money is a proxy for attention.
Average lifespan of a particular currency implementation is ~30 years. What matters, is a distribution of assets between actors, not number of digits of currency units on bank accounts.
Every complex phenomena is impermanent.
There is no money without inflation, there is no hot without cold, life without death.
But there are centrally governed currencies and distributed ones.