James Lewis on Nostr: If trade and labor are supposed to be charity, money given in exchange is a token of ...
If trade and labor are supposed to be charity, money given in exchange is a token of thanks. Monetary exchange is, in essence, a declaration that someone did good toward oneself. In a real sense, it makes the "what" money is into information, yet it requires anchor in reality.
A proposed definition: token of thanks, abstracted trade, and evidence of goodwill
Another popular definition: medium of exchange, unit of account, and store of value
I would love to hear your thoughts!
https://youtu.be/5PUiBXp2NIgPublished at
2025-11-04 13:18:47Event JSON
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"content": "If trade and labor are supposed to be charity, money given in exchange is a token of thanks. Monetary exchange is, in essence, a declaration that someone did good toward oneself. In a real sense, it makes the \"what\" money is into information, yet it requires anchor in reality.\n\nA proposed definition: token of thanks, abstracted trade, and evidence of goodwill\n\nAnother popular definition: medium of exchange, unit of account, and store of value\n\nI would love to hear your thoughts!\n\nhttps://youtu.be/5PUiBXp2NIg",
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