Oddbean new post about login | logout Money is not a social census. If everybody believed a banana is an airplane, could you fly with it? @jack mallers
Money is most definitely a social consensus. It is the very lubricant of a society. It’s what we use so we don’t bash and steal and simply let the strongest dominate. Go try buy an airplane with bananas and you’ll find there are ZERO takers in the world. You won’t be able to form consensus with a single person to participate in your transaction. You’ll find exactly the same when you release your Kaspa client and absolutely no-one wants your shitcoin and the social consensus of what money is on Nostr remains Bitcoin.
Money is time and energy in abstracted form. That’s why you can’t buy an airplane with a banana.
You COULD buy an airplane with a banana, if you could find consensus with someone willing to part ways with an airplane for a banana. Nothing precludes that tx and you repeating time and energy is irrelevant. Every transaction involves consensus. This is what you don’t seem to get. Spin up your retard client and you’ll get a real world demonstration - no other clients are going to implement Kaspa wallets so you’re not going to be able to use your shitcoin because no-one will be willing nor able to receive it. You’re going to get a very practical lesson in the economics of shitcoining.
Nobody is saying a banana is money haha.
I would accept a banana in trade for my goods and services before I would your shitcoin