> For a monetary asset, being “managed” is a liability. I'm not so sure of that. For instance: Bitcoin isn't money, but something that people hoard and specul

> For a monetary asset, being “managed” is a liability. I'm not so sure of that. For instance: Bitcoin isn't money, but something that people hoard and speculate on. If it was more actively managed, its parameters could perhaps have been tweaked until it started actually acting more like money.