Electronic cash = money as a bearer instrument payments = replacing bank wires and ACH payments, not buying coffee He/she/they meant bitcoin is a bearer instr

Electronic cash = money as a bearer instrument payments = replacing bank wires and ACH payments, not buying coffee He/she/they meant bitcoin is a bearer instrument like gold and not something that has to be redeemed. It doesn't represent debt the way a federal reserve note (a.k.a. a dollar) does. Most of the white paper could have been boiled down to this: Bitcoin is a non-sovereign, hard-capped supply, global, immutable, decentralized digital store of value. It’s an insurance policy against monetary and fiscal policy irresponsibility from central banks and governments globally.—@Travis_Kling