If there's one takeaway from Softwar that the thesis does well to prove, it's that Bitcoin is not money—it is something that can be used AS money. And that is a very important distinction that makes the spam debate completely pointless.
Nothing is money, really. We have always only ever had things that can be used as money. The economic use case of a thing is not a first-principles understanding of it. Trying to govern Bitcoin based on a narrow understanding of it will always fail in my view.
Nothing is money, really. We have always only ever had things that can be used as money. The economic use case of a thing is not a first-principles understanding of it. Trying to govern Bitcoin based on a narrow understanding of it will always fail in my view.
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