Mbitcoiner on Nostr: "The tension between scarcity and liquidity is what gives money currency—that is, ...

"The tension between scarcity and liquidity is what gives money currency—that is, the social charge and momentum that allows it to circulate. In other words, the closure constituted by scarcity is the condition of possibility for money's functioning as a cybernetic system, or a system of circular causal feedback, while liquidity represents the bandwidth for transacting with that money in a particular market. Money therefore displays the properties of information entropy: It is the least costly way of increasing the probability of settlement (creditor satisfaction) under defined social conditions of exchange (markets)."

quoting note10hh…eegf

Yeah, I'm still reading bitcoin books...