Currency Anchoring and the "Computing Power Standard"

What is money? A definition of a circular argument is that money is something that everyone believes is money.

That is to say, what people choose to become money is actually believing in the power of believing.

Of course, rigorous research also involves more factors. For example, the monetary system itself is an accounting system. During resource exchange, because the resources of the supply and demand sides are difficult to “perfectly” match in terms of quantity, timing, and other elements, it’s often that I exchange my goods out today, and then swap in what I need after some time. Therefore, a intermediary is needed to act as a transition—first you record it in accounts; this is money’s earliest source.

The emergence of money monetizes various resources into a unified monetary unit, thereby facilitating the cross-time and cross-space matching of supply and demand between the exchange parties. You can roughly think of the portion of a person beyond himself as “society.” He sells goods to society in exchange for money, and then next time uses money to get back what he needs from society.

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