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How money works - Inverted Passion
In short, the money in this networked economy does not follow the path of the copies. Rather it follows the path of attention, and attention has its own circuits.
French • Better Than Free
money is the market good with the least diminishing marginal utility.
Saifedean Ammous • The Bitcoin Standard: The Decentralized Alternative to Central Banking
As work is replaced by the sheer movement of information, money as a store of work merges with the informational forms of credit and credit card. From coin to paper currency, and from currency to credit card there is a steady progression toward commercial exchange as the movement of information itself.
Marshall McLuhan • Marshall McLuhan, W. Terrence Gordon - Understanding Media_ the Extensions of Man_ Critical Edition-Gingko Press
Economics has historically focused on "goods" in the form of physical objects: production of food, manufacturing of widgets, buying and selling houses, and the like. Physical objects have some particular properties: they can be transferred, destroyed, bought and sold, but not copied... But on the internet, very different rules apply. Copying is che... See more