Currency Anchoring and the "Computing Power Standard"

What is money? A definition of a circular argument is that money is whatever people all believe is money.

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

Of course, rigorous research involves more factors as well. For example, a monetary system itself is a bookkeeping system. During the exchange of resources, because the resources of the supply and demand sides are difficult to “perfectly” match in terms of quantity, time, and other elements, it often happens that I exchange something out today and then, after some time, exchange back in the thing I want. Therefore, a intermediary object is needed to bridge the gap—first, you keep the records—this is the original source of money.

The emergence of money turns various resources into monetized units, which thereby makes it easier to match supply and demand across time and space for both parties in an exchange. You can broadly treat the part of a person outside themselves as “society.” They sell goods to society in exchange for money, and then use money again later to buy back what they need from society.

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