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62 sats \ 4 replies \ @kepford OP 3h \ parent \ on: Is Bitcoin Fiat Money? bitcoin econ

I don't think Bob is wrong... but he clearly is still thinking this through.

Additionally I don't get that Bob would agree with the BCH comparison. He is a blockchain guy after all.

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43 sats \ 3 replies \ @Undisciplined 3h

The specific argument he made for bitcoin being fiat is that the miners validate some things as bitcoin, while not validating other technologically similar things.

I’m thinking about a scenario where bitcoin is money but none of its forkcoins are.

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54 sats \ 2 replies \ @kepford OP 2h

I see. Thanks for the clarification.

I must confess. I took some joy in posting this podcast and title as I know how much we all love to hate on fiat and call everything we don't like fiat or everything that sucks fiat.

Good to get the blood pumping :)

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71 sats \ 1 reply \ @Undisciplined 1h

I do think it gets pretty murky when he starts explaining that commodity money is different because its value derives from the community accepting that a particular unit is the commodity.

That sounds a lot like a consensus mechanism.

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0 sats \ 0 replies \ @kepford OP 1h

It does for sure

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