Money is not a token. It’s an accounting system.
A short lesson on money and why crypto makes no sense
There are two views on money.
Money is token, or object, that is a special easily exchanged good
Money is an accounting system
The first token view of money is implicit in standard economics. Money is just another good and we use this special token good as the yardstick to measure relative prices, but otherwise, there is nothing special about money.
Under t…
