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Money is fungible. All dollars, regardless of how you, got them are interchangeable. Knowledge is not. Spending 20 years mastering piano will do little good if
by mauvehaus 5y ago
Money is fungible. All dollars, regardless of how you, got them are interchangeable.
Knowledge is not. Spending 20 years mastering piano will do little good if you need to build a staircase.
Shit, spend a couple years learning how to build furniture and then go build a chicken coop. There's shockingly little overlap between those two skill sets! That's not a hypothetical. There's a lot of knowledge that your body learns that doesn't come into play doing carpentry.
- fsckboy 5y agothat money is fungible is part of the design of money, that complex/subtle consideration is one thing that went into the construction of a monetary system. We could use non-fungible money if it seemed better. the fungibility of money is similar to the idea that all the steps in a staircase should be the same height.
- carapace 5y agoGiordano Bruno said that whatever has the most value and least cost of storage becomes money.
- ineedasername 5y agoSome money is more fungible than others. Crypto is a little less so: look at the DAO that tried to buy a copy of the US Constitution and failed, only small $ contributors can't get their donation back without losing most/all in gas.