🐚🏺Prehistoric collectibles were good stores of value, as verifiably scarce and fungible bearer assets, but they were still impractical as frequent media of exchange.
🏅💰Ages later, precious metal coins gave up some verifiable scarcity to become practical media of exchange, but they were still impractical as universal units of account.
📜💵Millenia later, banknotes issued on full gold reserves gave up any remaining verifiable scarcity and bearer-like fungibility to become practical units of account, but they were still impractical as central systems of control.
💳📱Centuries later, digital credits issued by central banks and regulated cartels gave up any remaining bearer-like fungibility to become practical systems of control, but then all the other monetary functions remained severely compromised!
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🔐🖥Decades later, e-cash bearer notes tried giving up some UX simplicity to avoid surveillance and get back being decent units of account (while keep most of the digital practicality), but they were not cersorship resistant yet.
🔌🔨Years later, reusable proof-of-work notes with a central mint tried giving up some price stability and demand base to avoid censorship and get back being decent media of exchange, but they were not inflation resistant yet.
🔗⚡Bitcoins on the Time Chain gave up some scalability and privacy to avoid inflation and get back being decent stores of value. Bitcoins on the Lightning Network are getting back scalability and privacy too. Work in progress, but the direction towards perfect money is set, and clearly visible every few months. What an incredible time to be alive!
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