How crazy is it that Ray Dalio thinks that “cryptocurrency” is non-debt money
He’s just so far from grasping the fundamentals
We are so early
To clarify: Bitcoin is non-debt money, all other crypto (for example stablecoins or any token scheme where the issuance can be changed by centralized actors) are debt money 
That moment you realise that even the top economists are trying to make heads and tails of everything, just like we are doing, but they don't have have the north star that we do to keep them oriented just yet.
Is it possible to come up with definitive objective criteria for non-debt money versus debt money? Secondly, is it possible for cryptos other than #Bitcoin to meet the criteria for non-debt money?
Looking online at the definition of debt, it is something owed by someone, or something that is promised in return for something given (paraphrased).
When you make a trade for a cryptocurrency (yes, shitcoins as well as bitcoin), you are owed a signed transaction and you can even define the number of confirmations you will require before you consider the debt paid.
You do not consider the miners or the validators as the recipients of your trade, so you cannot consider them your debtors.
For this reason, I would argue that cryptos are non-debt-instruments. Whether they are reliable instruments, and whether they are suitable to be given the title of "money" is where we see the difference between bitcoin and crypto.
No crypto, not even monero, can be considered trustless money, because they are not held to the same level of scrutiny as Bitcoin by their users, and how can they? They already diverged from consensus by ever being created and used as an alternative to Bitcoin, and the trustlessness comes from having maximum diversity in beliefs and thoughts participating in the consensus. Maximum, not "enough".
If you consider crypto to be money, then I would classify them as non-debt-money. It just doesn't mean it is good money.
lol its so wild to me how many people he has probably orange pilled but he can’t make the leap himself😂
How is ETH debt money? It is a bearer asset. Even if the issuance schedule is changed it is still a bearer asset.
I guess dollars are a bearer asset backed by debt instruments. You seem to be arguing that all cryptocurrencies except BTC are backed by debt instruments. Do you care to explain? It seems obviously untrue. What am I missing?
