Money as a System-of-Control
We know that money serves as:
- A Store of Value (SoV)
- A Medium of Exchange (MoE) and
- A Unit of Account (UoA)
But what happens when a fourth use of money is introduced, one which subordinates all the other characteristics: money as a system of control.
Let's check this video on "Money as a System-of-Control" from Andreas M. Antonopoulos, who is s the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters.