Damus
Jay profile picture
Jay
@Jay
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.
17❤️4💯1🤙1
Scrotus · 12w
Say more...
dvo · 12w
it's true, it's not inherently money. it just works better as money than anything else
Tim Bouma · 12w
Yup. It only becomes ‘money’ at the exact point in time of an economic transaction. Otherwise, it’s just a bunch of numbers.
Alan · 12w
A cirlcle is no longer a circle once it is drawn. Once drawn it becomes an approximation of a circle. Same for triangle, etc
Zsubmariner · 12w
This is a confused argument. Money is a telos. "Bitcoin is money" is a teleological assertion, not a conclusion. Arguing it this way is a category error. I could say "there's no such thing as a knife because I could use it to put my shoes on" but that's bongwater. So what. We can't have a meaningfu...