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0 sats \ 7 replies \ @telcobert OP 8 Dec \ parent \ on: A World Without Money bitcoin
Indeed it is not. That's why the chapter is titled "A world without money".
I would like to add: a commodity is also not money.
A goat is a goat is a goat.
Same for shells, fish, grain, salt, gold, and bitcoin.
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They can be. They were. They are not.
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Q: Since when they are not? Who decided that?
A: Take your pick: 1913/14 or 1933. See chart.
Q: Can Bitcoin be money?
It can be. To get there, we must get the credit money layer right.
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The OP explains (hopefully) that money is a construct and system.
Until the system is complete, including the credit money layer, Bitcoin is a commodity, no more no less, and what we are doing is barter.
PS: Government or what it says does not come in. Austrian Economics demonstrates by logic that it does not need the government to make a money. Government can and will fuck up liberty money, though, if they find any angle to do so.
So, with Bitcoin, it has beed extremely hard for them so far to fuck up the base money layer. And Bitcredit Protocol hopefully is similarly good at keeping them off the credit money layer. We will see.