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Elon: What Is Money?
Elon Musk:
People get confused sometimes they think an economy is money. Money is a database for, exchange of goods and services and for time shifting the exchange of goods and services.
That’s it’s, Is it. Money is a database. Money’s does’nt have power in and of itself. Like, you can run the thought experiment of your. If you’re trapped on a, you know, a remote island, shipwrecked on an island, and you’ve got $1 trillion in a Swiss bank account, it’s worthless. You’d rather have a bowl of soup.
So, you know, all the Bitcoin in the world and still going to starve.
The actual economy is goods and services.
Real wealth is in what you can produce, not what’s in your digital wallet.
Source: WELT Documentary 2022
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