2023-09-03 plastic money
In the history of money that now spans tens of thousands of years, there have been maybe five major changes. From pure barter exchange to the introduction of the first abstraction of value—shells, feathers, beads, nuts, stones. Then precious metals, and then paper money, and then plastic money. And now network money.
Andreas M. Antonopoulos • The Internet of Money Volume Two
It’s also why people prefer subscriptions to piecemeal payments and why they pay restaurant checks with credit cards even when they have enough cash to cover (the ethereal depletion of funds carries a lower mental transaction cost than the physical depletion).
Jan Chipchase • Hidden in Plain Sight: How to Create Extraordinary Products for Tomorrow's Customers
Credit Theorists insisted that money is not a commodity but an accounting tool.
David Graeber • Debt: The First 5,000 Years,Updated and Expanded
After years of innovative trial and error by many programmers, and through relying on a wide range of technologies, Bitcoin was the first engineering solution that allowed for digital payments without having to rely on a trusted third‐party intermediary. By being the first digital object that is verifiably scarce, Bitcoin is the first example of di
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