Something surprising about money is that it has different qualities depending on its quantity and medium or storage.
That high utility item can become a low utility item at somebody else's command.
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When people normally think about this they normally think about sacrificing liquidity for (hopefully) high-yield investments, etc.
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There are also transactions which require money *and* a status check (instead of a credit-check.) e.g. entering a night club.
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@sebinsua ppl are drawn to things like gold bc they see this is how fiat currency works but don't yet get that this is how *money* works -
@sebinsua & think there just has to be some kind of "sound" money out there that's immune to soverign & institutional risk. nope. - 2 more replies
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