I like this post overall, but the idea that credit and scrip are the same as money and currency is a bad mental model to have. The difference is that credit and

I like this post overall, but the idea that credit and scrip are the same as money and currency is a bad mental model to have. The difference is that credit and scrip are tied to a single business or institution, whereas the price of a currency is driven by the value that many independent institutions contribute to a network. Most cryptocurrencies today are glorified in-app tokens that just happen to be stored on a blockchain, but some of the few that are actually currencies will be worth trillions.