"The goods that fare better in hardness, scaleness and darkness will compete, and the first one to reach a critical mass will start swallowing the others, as far as monetary uses are concerned." - Giacomo Zucco
Continuing with the excellent series from Giacomo and Bitcoin Magazine, "Discovering Bitcoin: From Cavemen to the Lightning Network," we dive into Part 3 - Introducing Money. Building of the base concepts of savings in order to acquire time, of durability in a good to store that time, to investment in order to create greater productivity, and then to exchange and specialization, we finally introduce the ultimate good enabling cooperation on a massive scale, Money.
Listen to Parts 1-2 if you haven't yet to get a foundation for this piece:
Part 1 - About Time: https://anchor.fm/thecryptoconomy/episodes/Read_422---Discovering-Bitcoin---From-Cavemen-to-Lightning--Part-1-Giacomo-Zucco-ehdkrb
Part 2 - About People: https://anchor.fm/thecryptoconomy/episodes/Read_424---Discovering-Bitcoin-2---About-People-Giacomo-Zucco-ehgquv
Other essential reads mentioned in the Guy's Take section for going deeper down the rabbit hole on the nature & origins of money:
Shelling Out: The Origins of Money [Nick Szabo]
Money, Blockchains, & Social Scalability [Nick Szabo]
Stack sats automatically in your DCA Bitcoin savings plan at SwanBitcoin.com/Guy and get $10 for FREE to start off!
A huge thank you to BitcoinMagazine for making these available and to the Let's Talk Bitcoin Network for sharing this out to Bitcoiners everywhere!
LIGHTNING IS DEAD! Did you hear about the new exploit discovered that may be the "nail in the coffin" of the broken and defeated...
"We Hodl these truths to be self evident" - Brady A Declaration of Independence for the age of the separation of money and state....
"As it turns out, we had money, we just weren't allowed to take it out of the country. When we left the Soviet Union...