Algorithms are the foundation of how a system functions. A system is a large structure where each component is connected by a specific energy that forms relationships, and the entire system moves in a set direction. Understanding an algorithm provides insight into the system, how it operates, and its overall direction. However, creating an algorithm requires the system creator to take a risk and pay a price for the entire system. That’s why designing an algorithm isn’t easy, even though using one is simple. Once an algorithm is developed, system members become reliant on it. The way to break this reliance is to either discard the algorithm or develop a new one. Knowing which system you belong to and how it functions is extremely important. - Joseph’s “just my thoughts”
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”