Money as a System-of-Control

in #bitcoin • 7 years ago

We know that money serves as:

  • A Store of Value (SoV)
  • A Medium of Exchange (MoE) and
  • A Unit of Account (UoA)

But what happens when a fourth use of money is introduced, one which subordinates all the other characteristics: money as a system of control.

Let's check this video on "Money as a System-of-Control" from Andreas M. Antonopoulos, who is s the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters.

7 years ago in #bitcoin by
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