Bifalgorithm post · digital money · introduction
Money depends on confidence that value can be received, stored, and exchanged.
Money depends on confidence that value can be received, stored, and exchanged. (digital money · introduction) — "Money depends on confidence that value can be…
Ideas in this flowchart
- Money depends on confidence that value can be received, stored, and exchanged.
- Confidence is central to money.
- The confidence concerns value.
- Can value be received, stored, and exchanged?
- Value can be received.
- Receiving value verifies its availability.
- Confidence in receiving value supports money.
- Value can be stored.
- Storing value preserves its availability.
- Confidence in storing value supports money.
- Value can be exchanged.
- Exchanging value enables transfer.
- Confidence in exchanging value supports money.
- Confidence across these functions makes value dependable.
- Money depends on that confidence.


