RE: Throwback Thursday.: Observations on Money

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Throwback Thursday.: Observations on Money

in money •  5 years ago  (edited)

Money is an abstract concept of value and that is of course really useful. What people don't like to realise is that the value is not real (as it is an abstract concept) and that in the end it is about power to define the value. When you make a hardfork to freeze or take away money from others it is not about fairness, but about power struggle. The Steem/Hive aristocrats just forgot about one thing. The whole system relies on people having the lofty beliefs that money actually is of real value.

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Great comment! I love this.