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”
No matter how long you know someone, you can’t truly understand the mind of that person. A person’s values become evident when they face a dilemma —the dilemma of being unable to choose one option over another. Dilemmas arise amid contradictions where logic clashes, and in response to concerns and fears stemming from uncertainty . The conflict of logic and fear reveals the true nature of humanity. The decisions a person makes while overcoming a dilemma ultimately shape who they are. People often say that the totality of our choices defines our lives, and accepting the consequences, whether good or bad, is a reflection of our character. - Joseph’s “just my thoughts”