WHAT IS MONEY?Money is, and has always been, technology. Specifically, money is technology for making our wealth today available for consumption tomorrow. Modern Americans with a ‘What’s water?’ mindset about money – virtually all of us – assume there is a sharp line of distinction between what is money and what is not. That’s false. Instead, throughout history, various monies (note: plural) have always existed1 – simultaneously – along a continuum of soundness, subject to competitive monetary network effects. Sound money – along with language – were the first, and have forever been the most important, human networks responsible for human flourishing. Imagine life without them.
Language and Money are two human networks that are responsible for our baseline well being.
Bitcoin is the intersection of these two concepts.
Language has allowed us to communicate in a way that allows us to live in larger groups. Oral language gives us the ability to interact moment to moment. Written language gives us the ability to communicate over time and space.
Bitcoin is a merger of money into the language of computation. This merger is a new formation that connects language and money. We've moved into a new paradigm that gives a new world of opportunity. Money has always had limitations which is why we have adapted it's system over time. It's ever evolving, just like language. Now they are one of the same.