Anything is currency, anything is a commodity. Why are we surprised?

A little over a month ago, I was able to attend a Web 3.0/crypto conference in Belgrade, Serbia and to cut a very long story very short, on the third and final day of the event, I managed to walk home with a box full of energy drinks as well as cans of top notch craft beer.

I don’t necessarily go out of my way to find energy drinks but I’ll have some if it’s available. BUT I’m definitely into craft beer so that meant that for a few days after the show, I didn’t have to worry about buying beer.

Beer, dare I say, is a precious commodity. To me, it is.

One of the dumbest arguments that we hear when it comes to crypto is “oh it’s actually worthless because it’s not backed by anything.”

And yet that’s exactly what the U.S. Dollar, or any other currency for that matter, is: an inherently worthless commodity that we accept as having value.

FIAT money, and especially the U.S. Dollar, is the most widely accepted form of currency but mechanically, it is just like the cans of good beer that I had.

The only difference, an admittedly huge one, is that everyone agrees the U.S. Dollar has value, not everyone agrees that beer has value.

I’m using beer as an example but you could replace it with anything. Let’s say I want to hire you for a job that’s worth $100, and let’s say I offer to compensate your work with $100 worth of your favourite brand of mineral water, or chocolate, or whatever it is you consume.

I guess some people wouldn’t go for that but why? We drink water every day. We need water today just like we needed it yesterday and just like we’re gonna need it tomorrow.

Humans have been transacting with one another since the dawn of time but money as a concept has only been around for around $5,000.

Before that they used barter.

I’m not suggesting we should get rid of the U.S. Dollar and replace it with beer, all I’m saying is that anything that anyone, ever, accepts as a form of payment only has value because both parties, the seller and the buyer, the taker and the giver, have agreed that it does.

I guess what I’m trying to say is, I’m available for hire, and I accept beer as a form of payment.

I’ve crossposted this article on readcash, LeoFinance and Publish0x, a social media platform that pays you small amounts to create and/or read content. You need to sign up but it’s 100% free.

Bitcoinea is unsponsored and independent. If you like the content please subscribe to the WordPress website, follow on Instagram it helps a bunch. Also, if you want to support the website with Crypto, any donation in Eth (or any other Ethereum-based token), Btc, Nano, is highly appreciated (see address below) Thank you.

Eth: 0xF8D5df20ed7B80624B02F21661DD0Fd57bf27F0D

Btc: bc1q40wwu2qshpwkpurtyyrhs5t3kq0szrfjlyzmku

Nano: nano_3931o9kgduoqpt6wi6148dbooj8458wzi6djqkiocyqkkfyus71agxbtzg13

Doge: DD7use8x8Zw37XumJcwQxfkiqYR4eo5pjF

Use this link to get a discount on Undone Watches

Use this link to get a discount on your first Glovo order

Use this link to get up to $250 in crypto on your first deposit on BlockFi

Use these links to get free crypto on your deposit CoinbaseCrypto.comWirexNexo or Binance

Use this link to get free diamonds use my CoinmarketCap code.

If you haven’t yet, consider using Revolut as a substitute to traditional banking.

Leave a Comment

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s