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RE: RE: WHAT IS MONEY?
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RE: WHAT IS MONEY?

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5y

Interesting post well i'd define money this way. I would define it as energy, similar to a currency or the root word "current" that is self created and self generated. Whereas traditional currencies would be issued or decreed, mandated.

I would not define most cryptocurrencies as money. I'd look at something like hive more like a business or an unregulated security for funding or raising money. I'd look at projects like bitcoin myk on hive as a money.

Why? because the idea of bitcoin myk is not to buy it. It's created under rules and the algo of your activity itself creates the energy. This is different than hive which the money is created through a type of mining and this is condensed down to a voting system where typically people with the most money create the most value. I think that's a backwards idea to decentraliztion but i digress.

So in these rules of money. There isn't anyone who decides the value of the money. It's value is intrinsic and based on universal law. In bitcoin myk we take out manipulation of money how it's created in order to to make it moreso model after universal law. As to say food and water even if you used it as a money would always be valuable independent of your opinion as you need it to live.

bitcoin myk works a similar way. it's saying that everyones activity and the amount of energy or electricity they generate would always have to be of the same value.. You couldn't in essence have some guy come around and he make your value more or less that would be ridiculous.

So most people don't understand money have no idea how it works or what they are doing. Even how they confuse these cryptos as money is dumb they act more like stocks and derivatives than money or currency. For example currency has no more value at $1 than it has at $1 million. It's only use is to facilitate a trade or act as a medium of exchange.

So a money within itself is usable aside for itself. So you can trade food or water or eat it. You can trade bitcoin myk for another crypto or you can always promote and advertise with it. On the network and it will always be of the same use and value and exposure no matter what the market price is.

So now you talking about something totally different in idea than what they are doing with the shellgame in crypto and in the standard econoy. Where money can be less valuable today and that's generally due to price manipulation. The same loaf of bread for you yesterday probably has the same value. it does the same thing. It is outside forces that manipulate it. However if you have the bread you have the bread it does the exact same thing you consume that many calories.

I hope you still following as many in crypto are completely lost and hopeless, lol. I think of them as nothing more than glorified gamblers and i have very little respect for them based on their laziness and lackadasical behavior to move like drones throughout this space.