HiveComb

It is argued that people tend to view their wealth and income in nominal monetary terms rather than actual. In other words, people are presumed to ignore inflation, believing that a dollar is worth the same as last year.

Money is something manmade. It is basically a social agreement.

And also a disagreement in many cases. For example, when a government of a country intentionally keep many of its citizens under the local minimum wage. I am in this situation. I live with multiple disabilities, and my pension-like income is approximately only $250 USD. Nowadays I also work as a packager in a four hours per day part time job, and my total income, which is approximately only $470 USD, still does not reach the local minimum wage, which is (or rather should be) approximately $550 USD.

And the government asks things like "would you raise the minimum wage?" in propaganda.

Huge shame on the Hungarian government.

Greetings from Hungary.

As I always say nothing has any "value" on it until point of sale/transaction. What one person is willing to do or give you in exchange for something else. That could be paper backed money FIAT or Crypto if people want it then it has real value.

I would like to see crypto used more for day to day and business transactions but I guess your point of view is also valid. However I don't see how that will help the wealth distribution as the ones who tend to hold on to it are at least somewhat well-off. Of course I guess it's just the asset game in the stock market where people earn more the longer they hold on to it.

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Your previous video gets stuck and can't be viewed.

Quite educative watch!
The concept of money is tied around value placed on an entity. This makes the definition of money quite volatile especially as we progress in a world highly dependent on technology and innovation.
Things might even likely change in the near future and take a turn on something new being used as the "concept of money".

https://twitter.com/shortsegments/status/1465702168875257859
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Maaaan I wanted that video to end. It was great, but I could make a 12 part series responding to all the info you dropped there. Overwhelmed with topics I want to talk about. I'll drop some tiny bits and save most of it for future blogs/vlogs.

1 I thought of money as energy for a while until I realized it's not even that, it's just a vehicle for energy/trust, and hardly the only one.

2 I read a cool theory that the barter economy was likely just a myth. According to that theory, when most people were living in villages and earlier, bartering was just used with travelers. People who knew each other used an informal reputation economy that had slightly different rules depending on the culture. "All my chickens died and you won't give me any eggs? Well I'm going to tell the whole town what a dick you are". Downvoting ancient style.

3 The moment I realized that the desire to grow and expand forever is a natural and healthy part of life and our programing....was the moment I started appreciating your work. ;-) True story.