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Financialization of Everything
sari and • 64 cards
Money is an information system that records and updates who has done work that is valued by others, such that credit can be universalized and socially scaled.
Sacha Meyers • Bitcoin Is Venice: Essays on the Past and Future of Capitalism
The total U.S. M2 measure of the money supply in 1971 was around $600 billion, while today it is in excess of $12 trillion, growing at an average annual rate of 6.7%. Correspondingly, in 1971, 1 ounce of gold was worth $35, and today it is worth more than $1,200.
Saifedean Ammous • The Bitcoin Standard: The Decentralized Alternative to Central Banking
tike
@tike
Finance
Alex Glass • 1 card
Exchange rate:
Shermin Voshmgir • Token Economy: Money, NFTs & DeFi
Money is like an iron ring we put through our nose. It is now leading us around wherever it wants. We just forgot that we are the ones who designed it. —MARK KINNEY