I have an experiment for you. Log in to Crypto Twitter and ask, “what is money”?
Oh, you’ll get the standard answers- store of value, medium of exchange, official legal tender, unit of account etc… Nothing like a quick google search to make an immediate expert out of the average moron. The experts are no better, they want a ‘stable unit of value’ to add to the mix, so they can rattle on about how Bitcoin isn’t real money. No wonder we are so confused.
Here is a question to ponder- how valuable is gold, if it’s supply were infinite? Is gold real money at infinite supply? There it is, finally, Your answer to what is money. Money is math, where the numbers add up. Money is backed by math. All of it. No exceptions.
Getting it yet?
Bitcoin just says, lets accept what is natural. Money = math. Now, solve this problem. Bingo! Here is a token. Thanks for playing.
So simple you forget, and proceed to buy XRP and ETH.
That’s because you are used to pretend money, where the numbers don’t add up. Somethings wrong- you know it- but can’t figure out what.
Now you know.