What if you could fulfill your transaction benefits (considerations) in various ways, including fiat money? Have you ever wondered what the consequences for your business would be if you could fulfill your benefits in ways other than cash? For instance, let’s say you are a shoe manufacturer. To make shoes, you must purchase raw materials like leather and process them into finished products known as shoes. At this time, if you can pay for raw materials with the finished shoes you made instead of fiat currency, you wouldn’t need to take out a loan with interest from the bank. However, the world’s economic system has limited the standard of value exchange to ‘cash,’ commonly referred to as fiat money. We need to understand precisely why banking is so important to entrepreneurs. This is one of the reasons the industry does not surpass finance. After all, money is among the goods whose value is determined by supply and demand. - Joseph’s “just my thoughts”
The greater the mountain, the less we consider its height due to its overall size. It’s not merely the height or depth that defines a significant mountain; rather, it’s the climate. A mountain that experiences changing weather patterns is indeed greater. Similarly, the greater a person is, the broader and more diverse their capacity for change, which should not be taken lightly. We must refrain from judging those individuals with our imperfect cognitive abilities. - Joseph’s “just my thoughts”