Collecting some quotes from Broken Money (Lyn Alden), which I keep reading at night.
"A user typically wants to hold money that appreciates in value, that is easy to hold and pay with, that is private, and that is difficult or impossible to freeze or confiscate.
A modern currency issuer, in contrast, generally wants to issue money that smooths out near-term volatility, that pulls demand from the future into the present, that is easy to surveil, that can be frozen or confiscated by authorities easily, and that gives the issuer a lot of flexibility to spend money even at times when nobody wants to finance them"
CodingInLondon / Matt
npub16n…lftma
2023-12-11 07:42:15
Author Public Key
npub16nd6gm54kk5jf72hzv4glwcqwtka8s28p8x6m4cddxlmum3d8nhs9lftmaPublished at
2023-12-11 07:42:15Event JSON
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"pubkey": "d4dba46e95b5a924f957132a8fbb0072edd3c14709cdadd70d69bfbe6e2d3cef",
"created_at": 1702280535,
"kind": 1,
"tags": [],
"content": "Collecting some quotes from Broken Money (Lyn Alden), which I keep reading at night.\n\n\n\"A user typically wants to hold money that appreciates in value, that is easy to hold and pay with, that is private, and that is difficult or impossible to freeze or confiscate. \n\nA modern currency issuer, in contrast, generally wants to issue money that smooths out near-term volatility, that pulls demand from the future into the present, that is easy to surveil, that can be frozen or confiscated by authorities easily, and that gives the issuer a lot of flexibility to spend money even at times when nobody wants to finance them\"",
"sig": "cfca335c32575191edf5681d3ddb1c31b60ad95d04587360397620d470d6c0cd90d8138ec8ffe2850ed0d2f991d76b6b16ad6f2cef8e1c9034feae7cdfee7751"
}