4 ms·
The author just described how bitcoin has property of money (being a speculative bet that a given asset will carry value in the future), and deduced that bitcoi
by dpc_pw 7y ago
The author just described how bitcoin has property of money (being a speculative bet that a given asset will carry value in the future), and deduced that bitcoin is not money.
- astrodust 7y agoThat's not what money is. You're describing futures.
- pg_is_a_butt 7y agoThat's not what futures are. You're describing money.
- Acrobatic_Road 7y agoBernard Lietar identified one of the modern properties of money as indeed speculation. 99% of forex is just that.
- astrodust 7y agoIn banking and finance everything is speculation. Pork bellies are speculation. Gold is speculation. That they consider money to be speculation as well is just a matter of perspective. Outside of that world it's not speculation.