Money
What makes money valuable?
Money is tokenized time and energy stored as opportunity.
Properties
What makes good money?
| Property | Definition | Bitcoin |
|---|---|---|
| Scarcity | Limited supply | 21M cap |
| Durability | Lasts over time | Code is forever |
| Divisibility | Can split small | 100M sats |
| Portability | Easy to move | Internet native |
| Fungibility | Units interchangeable | Mostly |
| Verifiability | Can prove authenticity | Cryptographic |
Flow
What makes money go round?
- Time and Energy — The source
- Economics — The system
- Capital — Flows
- Cryptocurrency — Programmable money
- Investing — Putting it to work
Psychology
Why do rational models fail?
Myth
Money works because we believe it works. The shared fiction enables coordination at scale.