What truly constitutes capital?
How does Bitcoin challenge and redefine our conventional understanding of it?
I'm revisiting an insightful article, Capital in the 21st Century by Allen Farrington, which dives into the nuanced relationship between money and capital—two ideas frequently mistaken as identical but actually quite different.
Farrington argues persuasively that money is not wealth itself, but rather a claim on wealth, serving as a fluid means to assess the value of what we genuinely seek.
Through this lens, he explores how Bitcoin transforms our comprehension of capital, entrepreneurship, and economic potential, drawing on perspectives from Austrian economics and other schools of thought.
It's all too common to overlook the fundamental issues Bitcoin aims to address.
This article cuts straight to the heart of those questions, offering clarity and depth. I’m delighted to revisit and share this piece.
Capital in the 21st Century — Axiom
https://www.axiombtc.capital/capital
William K⚡Santiago🔑☢️
npub1h3…w96sj
2025-03-29 14:00:05
Author Public Key
npub1h3fzzzeq60acjvnyvw34rpn5clkaueteffmkt3ln4ygekg9lcm0qhw96sjPublished at
2025-03-29 14:00:05Event JSON
{
"id": "2f9d4e7b88ecbe43efbbc0df98e5743c5802728307e5c737ed50dc42dae24775",
"pubkey": "bc52210b20d3fb89326463a3518674c7edde65794a7765c7f3a9119b20bfc6de",
"created_at": 1743256805,
"kind": 1,
"tags": [
[
"client",
"snort",
"31990:84de35e2584d2b144aae823c9ed0b0f3deda09648530b93d1a2a146d1dea9864:app-profile"
]
],
"content": "What truly constitutes capital?\nHow does Bitcoin challenge and redefine our conventional understanding of it?\n\nI'm revisiting an insightful article, Capital in the 21st Century by Allen Farrington, which dives into the nuanced relationship between money and capital—two ideas frequently mistaken as identical but actually quite different.\n\nFarrington argues persuasively that money is not wealth itself, but rather a claim on wealth, serving as a fluid means to assess the value of what we genuinely seek.\n\nThrough this lens, he explores how Bitcoin transforms our comprehension of capital, entrepreneurship, and economic potential, drawing on perspectives from Austrian economics and other schools of thought.\n\nIt's all too common to overlook the fundamental issues Bitcoin aims to address.\n\nThis article cuts straight to the heart of those questions, offering clarity and depth. I’m delighted to revisit and share this piece.\n\nCapital in the 21st Century — Axiom\nhttps://www.axiombtc.capital/capital",
"sig": "ee6b95b4b5de058d24d4ea25bc94796d6de3cc967dd9b9cb5e7be15bee85ff07dd55e68403a12c5905731a45601b77128161b86160af61f2cd52aef596ae106a"
}