It makes a man just want to:
https://media.tenor.com/zsfT_l5SRvoAAAAM/homer-choking.gif

When they say private money, what they mean is private banking institution issued currency, sometimes [community currencies](https://www.investopedia.com/terms/c/community_currencies.asp), or [company scrip](https://en.wikipedia.org/wiki/Company_scrip)

What they DONT mean is [Shell money](https://en.wikipedia.org/wiki/Shell_money), [Rai stones](https://en.wikipedia.org/wiki/Rai_stones), [Glass beads](https://en.wikipedia.org/wiki/Trade_beads), or any other organically forming [socially constructed](https://github.com/libbitcoin/libbitcoin-system/wiki/Social-Network-Principle) money and that is exactly what Bitcoin is and what shitcoins are not, because shitcoins very much are private monies, but the misinformation that has caused their deep association has caused this type of confusion.

nerd2ninja

How can something completely open, transparent and not controlled by any entity be considered private? Do these people even have a brain?

franzap

bitcoin

Sh*t Nocoiners say about Bitcoin

lvurz

While listening to a Twitter Spaces recently I heard a TradFi person claim it is private money, and all historical attempts at private money have failed. 

This was the first time I've heard that argument against Bitcoin. 