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Money Doesn’t Need Utility. It Just Needs to Be Money.
Why your concept of “useful” money is broken – and why that’s okay.
Money doesn’t need utility outside of being money to be useful.
Weird? Sure. Counterintuitive? Absolutely. But the sooner you wrap your head around this, the sooner you’ll stop expecting money to be anything other than what it’s supposed to be: a medium of exchange, a store of value, and a unit of account. That’s it. No frills, no gimmicks, no secondary use case required.
And yet, here we are, surrounded by people clutching their pearls, asking, “But what can you actually do with it?”
Nothing. That’s the point.
The Utility Illusion
The obsession with money needing utility outside of money itself is one of the most ridiculous fallacies of our time. Do you demand utility from the wheels on your car, other than them getting you from A to B? No. Do you expect your house to make you coffee in the morning? Of course not. So why the hell do people insist that money has to do something else besides be money?
Gold? “It’s shiny, you can make jewelry with it!”
Fiat? “It’s backed by the government and pays taxes!”
