25 sats \ 2 replies \ @KingZing 2 Sep 2022 \ on: Bitcoin isn’t money bitcoin
I don't like this narrative, bitcoin isn't just information, or else what is truly unique about it? Hash rate? People mined it early on without expecting a return, same way we have zero fee LN node operators.
What is money is a fuzzy subject, credit is a form of money, coupons are a form of money, if those can be money then why bitcoin isn't money. This narrative shouldn't be that bitcoin isn't money, but that it is more than that.
Of course, that narrative would evolve if bitcoin does move beyond where it is now, maybe when LN gets more applications and has far more adoption, then we'd see bitcoin being more than just money.
It's clearly an accounting system. For me it's money. Beautyon's rationale seems a (maybe naive) attempt to counter regulation.
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I agree that Beautyon seems to be using the framing as a counter to regulation. I was being provocative with my title, Bitcoin isn’t just money would have been more accurate. I also like the Bitcoin is Just money framing as well.
I suppose I’ve been thinking about it in the sense that it limits our ability to see what other potentials it has.
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