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Just my thoughts #0829

Adequacy : Moderate and appropriate nature. In the early days of the Roman Empire , Emperor Tiberius hosted a grand feast and invited an inventor. The inventor presented a glass as a gift, and the emperor inquired about its features. When the inventor claimed that the glass was unbreakable , the emperor dropped it on the floor. Only one side was dented, and the emperor touched that spot, restoring it to its original condition. Astonished, the emperor asked the inventor, “Have you ever taught anyone how to make this glass?” The inventor replied, “I did not tell anyone.” Then the emperor ordered his execution because if the recipe for the glass were known, the value of the emperor’s gold and silver treasures would plummet. No matter how excellent something is, it can be the worst depending on the situation and context. That’s why adequacy is essential. - Joseph’s “just my thoughts”
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Just my thoughts #0737

Existing economics teaches us that mankind invented the monetary system because barter was inconvenient. Despite having a monetary system, people still felt that even currency issued by it was inconvenient; therefore, economists explain that they created the current credit economy system. However, evidence found by anthropologists contradicts that explanation. In other words, it is argued that the credit transaction system existed before the monetary system, and then the credit system became distrusted for some reason. As a result, the monetary system was created and eventually replaced. Cryptocurrency today is a mathematical algorithm that makes it impossible to forge or alter transaction records. This happened because we don’t trust humans, and in ancient times, there was a more advanced credit transaction system. Don’t be fooled into thinking that the present is more advanced than the past.


- Joseph’s “just my thoughts”




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