pull down to refresh
100 sats \ 6 replies \ @Lux 8 Dec \ parent \ on: A World Without Money bitcoin
now we talking :)
i'm too stupid to see how bitcoin is not money :)
are gold coins money?
They can be. They were. They are not.
reply
reply
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.
reply
reply
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.