Tweaking the Mental Model

Employers shoot us a pay check once every so often — two weeks in the US and one month in Europe or Asia. This led society to imagine money as a collection of discrete payments.

We believe that makes for a highly inefficient payment system.

Salaries should be paid continuously and instantly available for employees to withdraw as they’re going to work.

When I arrived in the UK and started my job as a blockchain engineer at AZTEC, I had to open up my Compound savings account to pay for the following:

First month of rent and an initial deposit as guarantee for the landlord Day-to-day costs

Ideally, I should’ve been able to withdraw a little bit of money once every so often to pay for my living costs and also redistribute a fraction of my incoming “stream” towards the landlord.

Humankind has been using cash and various other forms of physical money for so long that it got everyone entrenched in an archaic mental model.

Thanks to Ethereum and smart contracts, we can do better.