What if you could fulfill your transaction benefits (considerations) in various ways, including fiat money? Have you ever wondered what the consequences for your business would be if you could fulfill your benefits in ways other than cash? For instance, let’s say you are a shoe manufacturer. To make shoes, you must purchase raw materials like leather and process them into finished products known as shoes. At this time, if you can pay for raw materials with the finished shoes you made instead of fiat currency, you wouldn’t need to take out a loan with interest from the bank. However, the world’s economic system has limited the standard of value exchange to ‘cash,’ commonly referred to as fiat money. We need to understand precisely why banking is so important to entrepreneurs. This is one of the reasons the industry does not surpass finance. After all, money is among the goods whose value is determined by supply and demand. - Joseph’s “just my thoughts”
Approximately 85% to 90% of the global population is right-handed, while the remainder is left-handed, with very few being ambidextrous. Throughout history, horses have served as a primary mode of transportation for humans. Typically, right-handed individuals mount a horse from the left side, relying on their right hand to grasp the saddle for support. If a person approaches the horse from the edge of a busy road on the left, this naturally orients the horse’s movement toward the left side of the road. Consequently, human anatomical tendencies have influenced the direction of road traffic. This practice led to the establishment of the left-hand shipping rule for vehicles, ships, planes, and even space shuttles. Thus, our civilization on Earth represents a legacy shaped by human anatomical traits. - Joseph’s “just my thoughts”