What Is Money?

Money is a social technology composed of three elements:

  • abstract unit of value
  • system of accounts which keeps track of credit or debit balances
  • the possibility that the original creditor in a relationship can transfer debtor’s obligation to a third party in settlement of unrelated debt

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Vahe Andonians

Vahe Andonians

Serial entrepreneur constantly challenging the status quo | Advancing AI to reclaim our humanity | Supporting blockchain for a decentralized human civilization