jakewoodhouse on Nostr: "I would put money as way up there with the wheel and fire in terms of what it has ...

"I would put money as way up there with the wheel and fire in terms of what it has done for human civilization…

Without money, we don’t scale as a civilization. We are in tribes of three or 400 people max. Now we are in an interconnected global economy of eight billion people. Why? The short answer: money. So it’s a big deal.

The fact that I can coordinate with someone—in fact, with literally thousands of people from around the world who I’ll never meet and I’ve got no idea if I can trust them—doesn’t matter. If I trust the money, we can interact and we can coordinate. In fact, we can do it in such a way that our revealed preferences will make sure that the allocation of resources is done in the most hyper-efficient way possible. It’s an absolute mindblow of a concept."

Andrew Page / Ep.31 / 43:26