Over the past few months, I have been looking at the question “What is money, and where does it come from?” from many different angles—through the Balance Sheet perspective and the Three-Layer BS Framework.
As the structure came into view more clearly, the upstream layers kept opening up—
from money to assets, from assets to value, and ultimately, to meaning.
What has gradually emerged is a remarkably simple structure:
—The source of money is meaning, and the source of meaning is relation.
Once this simple and intuitive backbone came into view, it became possible to organize it as a coherent theory that runs through the entire series.
And beyond that, it also seems plausible that this framework can serve not only as a lens for understanding money itself, but as a more general lens for observing a wide range of social phenomena.
Here, this emerging core framework is named DSR Theory. Its theoretical structure will be built and refined going forward.
The structure of DSR Theory will be updated mainly through the fixed pages on my website.
As the theory develops, new insights and refinements keep emerging whenever the overall structure is revisited—making it impractical to keep revising a serial blog format.
That is why a Structure Atlas is maintained as a living map—a set of fixed pages that lays out the overall structure— with each module updated continuously as the theory evolves.
The current structure of DSR Theory is summarized on the following fixed pages on my website:
In the next post, the outline of Chapter I: “What Is DSR Theory?” will be shared, introducing how DSR Theory takes shape and how its structure is organized.

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