53sec snip

All-In with Chamath, Jason, Sacks & Friedberg cover image

E69: Elon Musk on Twitter's bot problem, SpaceX's grand plan, Tesla stories, Giga Texas & more

All-In with Chamath, Jason, Sacks & Friedberg

INSIGHT

Money as an Information System

  • The true economy is the output of goods and services, not money.
  • Money is a system for exchanging those goods and services without bartering and for shifting obligations across time.
  • It's essentially an information system for labor allocation and exchange, operating like a database.
  • The quality of this information system impacts a currency's effectiveness, which can be analyzed using information theory.
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