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E69: Elon Musk on Twitter's bot problem, SpaceX's grand plan, Tesla stories, Giga Texas & more
All-In with Chamath, Jason, Sacks & Friedberg
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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