19 The Portability Of Money
19 The Portability Of Money
The meaning here is the ability for money to be transported and carried around
Money Type | Score (5) | Why |
Debt | 5 | As a debt is essentially information, it has no weight and can be transported wherever that information goes. |
Commodities /Items | 3 | As these things carry weight and mass, transporting it can be very difficult and require effort, time and even more money to transport |
Gold/Silver | 3 | As these things carry a lot of weight and mass, transporting it is very difficult and require a lot of energy, time and even more money to transport. |
Fiat | 4 | Fiat in cash form is easier to carry and transport than all other physical forms of money, but in their digital forms they are weightless. They can go wherever you can access your bank account or use your debit card or credit card. The only thing that holds it back is that there are generally restrictions on how much you can carry across boarders. |
Bitcoin | 5 | Bitcoin earns a 5/5 because it is pure information, locked in by the energy of the network and it exists as boarder-less money, meaning it can go anywhere across planet earth without anyone being able to stop it. |
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