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What is money?

“Money is a technology — and technologies get upgraded.”

Before you can judge bitcoin, you need a yardstick for judging any money. Economists give money three jobs: a medium of exchange (people accept it), a unit of account (things are priced in it), and a store of value (it keeps its worth over time). Every money in history — shells, salt, gold, dollars — did these jobs better or worse than its rivals, and the better money always won eventually.

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Education only — not financial, investment, legal, or tax advice. Never share your seed phrase with anyone.