#tootstorm

dredmorbius@joindiaspora.com

The concept of money

Is a ruler a source of length?

Is a graduated cylinder a source of volume?

Is a clock a source of time?

Is a thermometer a source of heat?

Units of measure are not the thing measured.

"Apple" is not an apple.

Ceci n'est pas une pipe.

Money isn't "value", and it's not exactly a MEASURE of value, it's a UNIT OF ACCOUNT, subtly different. Socially recognised, often though not always legally binding.

A #tootstorm. Don't grieve.

https://mastodon.cloud/@dredmorbius/104119370685579239

#money #WhatIsMoney #economics

dredmorbius@joindiaspora.com

Don't be an information-markets sucker

The debate on the information markets tends to split on the "it wants to be free" vs. "authors need to be paid" divide. That's misleading and confining.

There's content produced because some audiences (readers, viewers, listeners, etc.) will want to access it, for information, entertainment, distraction, or some mix of the above.

There's content produced because the author wants others to experience it: propaganda, indoctrination, advertising, disinformation.

A #tootstorm in 12 parts.

#information #markets #publicGoods #propaganda #news #journalism #fakeNews

https://mastodon.cloud/@dredmorbius/101678973535192556