Tuesday, March 8, 2011

What is Money?

"Sex, mathematics, music, gold — all these things are universal." - Jim Grant


Money Is Information


...money itself is completing a developmental arc from matter to bits, stored in computer memory and magnetic strips, world finance coursing through the global nervous system. Even when money seemed to be material treasure, heavy in pockets and ships' holds and bank vaults, it always was information. Coins and notes, shekels and cowries were all just short-lived technologies for tokenizing information...

1. Money is fiction.

2. Money is a giant stone at the bottom of the sea.

3. Money is gold

4. Money is trust.

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