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I'm not sure Bitcoin is money, at least not in the traditional sense. As I said on another thread: one of the reasons I think Bitcoin is probably a fundamental
by api 13y ago
I'm not sure Bitcoin is money, at least not in the traditional sense. As I said on another thread: one of the reasons I think Bitcoin is probably a fundamental innovation is that nobody quite seems to know what it is, including me.
Nearly all Bitcoin's critics criticize it for being a poor replacement for cash, or for gold, or for some other traditional monetary unit. Automobiles are poor carriages too, and engines are poor horses.
I sympathize with some leftist critiques of deflationary currencies and libertarianism, but since I'm not sure Bitcoin is a currency I am not sure they are applicable. It is true that many bitcoiners have a libertarian/anarchist ideology, but I am not sure that matters much. A thing is what it is. Bitcoin is... whatever it is.