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Replying to Avatar Frank Corva

My pleasure, nostr:nprofile1qqsr7acdvhf6we9fch94qwhpy0nza36e3tgrtkpku25ppuu80f69kfqpz9mhxue69uhkummnw3ezuamfdejj7qgkwaehxw309ahx7um5wfjkc6t5v4ejummjvuhsepevmj

I disagree with Lutnick’s take on bitcoin as a commodity instead of a currency, as well. Unfortunately, in this interview, I was only allotted a certain amount of time, and I had other questions I wanted to ask. I didn’t have the time to get into it with him on this topic.

I also wanted to bring up the dangers of too much of a hashrate coming to the U.S., which I knew might be a dicey topic, so I had to choose my battle in this one.

Thank you for calling it out, though. We’ll need people to continue doing so until the likes of Sec. Lutnick change their mind.

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Sam 8mo ago

Confusingly, arguably bitcoin is a “commodity money” if we extend Mises’ definition for a pure monetary asset. It’s not credit or fiat.

https://mises.org/online-book/theory-money-and-credit/chapter-3-various-kinds-money/3-commodity-money-credit-money-and-fiat-money

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