Ask Me Anything! Tech, business, politics (tech related), startups, venture capital, finance, life. 💪🫡

huh
so if you boil it down it's just 'medium of exchange' and not 'store of value'?

I think John Law was right. In general, store of value is a byproduct of medium of exchange.

so, basically liquidity == medium of exchange == store of value? 

thus, w/ asymptotic liquidity then, everything is money. or in other words it's instant digital barter?

As far as I can tell from reading history, there was never barter? We went straight from pre-historical communism, to various forms of money as mediums of exchange?

i agree. the whole starting from barter thing is a myth... at least at scale. 

but as a thought experiment with hints of appeal to the extreme, if we were to have asymptotic liquidity between all assets, then everything would be money and we'd just be doing instant-digital-barter, right?

it's an appeal to extreme of course. 
but if work it backwards, in a DeFi enabled world, we will have far better liquidity than any time in the past and it's possible we might never have a 'one world reserve currency' ever again. just a bunch of them of them: mix of fiat, commodities, top-crop cryptos...

Fascinating thought experiment! I'd say in that situation, "everything would be money" would be the key point.