2min chapter

The Forum cover image

Money: From coin to cryptocurrency

The Forum

CHAPTER

How Do You Define Money?

Money is a technology of society, and as such it pervades almost everything that society might require. Ute: In my view money is a numeraire good, or a fungible unit of value but those are just fancy words for a way for storing up value and then using value to pay for other things. Christian: I think one could say that money as a standard of value creates an illusion of equivalence,. And even the absence of money, right, the absence ofmoney is measured in debt in money itself.

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