money

“And the history of money has been one of making money increasingly invisible, increasingly frictionless. Has been one of pushing it into the background.”

“So money, first thing to say about money is remember always that money is only incidentally an asset. It's not something that produces in and of itself. Money is a lubricant. Money is something you use to facilitate transactions in the real economy.”

“Money in fact is, A ledger. It is a ledger that's built around multiple ledgers in reality, some of which are in our heads, some of which are inside banks, and in this, it's the system for keeping track of value, and keeping track of ownership, keeping track o…”

“Currency and money are actually different. It's a subtle distinction, right? Currency are units. These are the things that we can or can't use as money as we want to, but money is much more like a symbol. It's a collective understanding.”

“If you really think about it, a stable coin is just a rebranding of money. Because it just works the same way as money, and money is a very interesting feature in the sense that when you use it, you don't really think about the fact that it's stable. The whole…”

“In the same way that the internet made media accessible and programmable, the technology of the blockchain does the same for money. It makes money accessible and programmable.”

“And the thing about this is money runs out, but a moral premise doesn't.”