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28 sats \ 4 replies \ @kepford OP 4 Feb \ parent \ on: Elon Musk Is Wrong About Money econ

Yeah...

The most sense I can get out of Musk’s claim that “money is a database” is that he means that money merely refers to real goods and services, in the same way an entry in a library’s database might note the location of and other identifying information about a particular physical book. Musk’s point is that the database entry is not the book. The database entry helps you obtain the book. Bringing the analogy back to money, money only helps us get items in the market.

I've seen and heard these "money is a database" comments... its a real head shaker.

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13 sats \ 3 replies \ @denlillaapan 4 Feb

I mean, Bitcoin is a ledger so that's not entirely off is it

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0 sats \ 2 replies \ @kepford OP 4 Feb

money... not bitcoin

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39 sats \ 1 reply \ @denlillaapan 4 Feb

Is there a difference?

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0 sats \ 0 replies \ @kepford OP 4 Feb

Yeah, there are many things that can or have been money. Many have different attributes. Database isn't core to being money to me. This is the same problem you have when you claim bitcoin can't be money because it has no "intrinsic value" like gold supposedly has. Can you touch bitcoin? Nope so I guess its not money like gold or sea shells are money. I don't think its a helpful analogy. Sounds like the blockchain hype stuff to me.

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