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@juli
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Worldviews need a digital update: stock is currency/money too
1️⃣”everything” is a currency. Some currencies are worse money than others when you consider trad metrics: durability, accessibility, acceptability, stability, scarcity, homogeneity, easy to store, hard to counterfeit, divisibility
2️⃣btc can not yet be used like USD in every local store, for every transaction, has more volatility (bad day-to-day) but also advantages such as better storability or harder, more predictable money policy. Stocks are softer money as economics & value depend on company execution
3️⃣these different asset classes have currently different trading venues (accessibility) but should all go onchain & gain good crypto properties. people will hold fav assets & pay/receive them where-/whenever they transact (assets can be auto-swapped for you)
👉🏽 what makes good digital money in 2023?
- good/stable performance in timeframe you pick
- predictable money (company/stakeholder) policy
- efficient exchanges 2 replies
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