Are You Too Late to Bitcoin with Luke Broyles (WiM503)
The "What is Money?" Show
Money as Focused Attention
Money functions as a technology for allocating attention, where individuals direct their focus toward producing goods and services in exchange for compensation. In this process, workers engage their attention to create value, while advertisers utilize financial resources to capture consumer attention for product promotion. The collective decision on how to allocate attention is crucial, as everyone has a limited capacity to focus, necessitating a thoughtful distribution toward productive outcomes that benefit society as a whole.
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