3 ms·
Seems to be a simple ontological distinction in a case of a broken metaphor - and thus a huge warning against misapplying metaphors. "You wouldn't download a ca
by omniglottal 4y ago
Seems to be a simple ontological distinction in a case of a broken metaphor - and thus a huge warning against misapplying metaphors. "You wouldn't download a car"...
Let's look at fiat: I can "trade" my $10 bill to a friend for 10 $1 billls, but that act is precisely "making change" - is this economic trade, though?
There's an even more accurate analog we see with Bitcoin: receiving cash (i.e., as change from a transation) and stuffing it in your pocket - then only later putting it in your wallet, or bank, or vault, or a tray in your house. There was only one transaction, and the rest of the money movement wasn't "trade" at all. If the ownership doesn't change, it's just a movement of money.
Calling the movement a trade is a wild guess and about as honest as insisting that the only way I can pull change out of my pocket is with a new transaction, even were I just putting it in my wallet.