To reiterate @real_vijay 's point, modern finance & central banking has popularized the misconception that for something to be money, it needs to be MoE first, SoV second.https://twitter.com/hugohanoi/status/968965247405928448 …
-
-
MoE is most important function of a currency ONCE IT IS ESTABLISHED. SoV is how it gets established in the first place.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Dude what? Im all for decentralized Fx but saying the dollar isn’t sound money is hyperbole A deflationary monetary system does not work. You cannot support growth with a shrinking monetary supply. MoE > SoV when it comes to facilitating trade and running an economy
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.

The 4 evolution stages of any monetary goods:
1. Collectible
2. Store-of-value
3. Medium-of-Exchange
4. Unit-of-Account