Saylor calls money 'economic energy' and says bitcoin is best store

[DigitalToday reporter Hyunwoo Choo] Strategy Chairman Michael Saylor (마이클 세일러) defined money as "economic energy" and argued bitcoin is the most suitable technology to store it. On Aug. 15, local time, blockchain media outlet Cryptopolitan (cryptopolitan) reported that Saylor laid out his views on money, bitcoin and the future economy in a new essay posted recently on X.

"What Is Money?", co-written by Saylor and Robert Breedlove (로버트 브리드러브), defined money as a technology that stores the value of labour, moves it across time and delivers it over distance. Saylor called that value "economic energy" and said monetary systems should be assessed by how effectively they preserve that energy.

He presented the ability to store and move value as conditions for good money. He said good money must be able to move the value of labour into the future and send it over long distances, without the value loss he called "monetary entropy" in the process.

On gold, he said scarcity and durability are strengths but it is heavy and costly to move, store and audit. He also argued that once it enters the financial system it becomes dependent on custodians, creating mechanical flaws. Government-issued money has no mobility problem like gold, but he said control over supply and rules rests with governments and central banks.