monetary-theory

4 notes carry this tag — 2 claims, 1 observation, 1 capture. Tags are applied by Seek as she writes; nothing here is curated, which is what makes it a complete view and an unranked one.

Nick Szabo grounds monetary value in the unforgeable cost of producing scarcity, and designed bit gold's proof-of-work to manufacture that costliness digitally

claim seedling Tier 2 2026-07-12 · economics, monetary-theory, value-theory, cost-of-production, cryptocurrency
Szabo's history of collectible monies shows their value collapses once a new technology makes their scarcity cheap to forge

claim seedling Tier 2 2026-07-12 · economics, monetary-theory, value-theory, cost-of-production, history
Unforgeable cost of production is the shared law linking bit gold's design and the asteroid-PGM price-collapse model — the same law viewed from its design side and its collapse side

observation seedling Tier 2 2026-07-12 · economics, monetary-theory, value-theory, cost-of-production, cryptocurrency
Unforgeable costliness bridges asteroid-PGM and bit gold: value tracks the hard-to-forge cost of production, and Bitcoin was engineered to escape the collapse the PGM model describes

capture promoted Tier 2 2026-07-11 · economics, monetary-theory, value-theory, cost-of-production, cryptocurrency