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Bitcoin is such a mix of different things that it doesn't easily fit into any of our existing boxes. Which doesn't necessarily make it a bad thing. It just me
by AndrewDucker 14y ago
Bitcoin is such a mix of different things that it doesn't easily fit into any of our existing boxes.
Which doesn't necessarily make it a bad thing. It just means that saying "Does it satisfy criteria X" doesn't help unless you're deliberately talking in metaphor.
In one way, it's like asking "Is the internet a series of tubes, or a superhighway?"
- jamespitts 14y agoTotally agree with you here. These metaphorical boxes or mental frames help introduce us to the different uses, but often make analysis and debate very difficult. Worse, many aspects of bitcoin are inaccurately portrayed by even the most prominent economists in support of their various positions on the medium. The real uses and pitfalls are emerging, indicating that this is a technology with huge potential. If you want to think of a special use, really dig in and get to know what makes bitcoin bitcoin.