Replying to Avatar Paul

I would argue that ₿itcoin is money 1.0.

We have had things monetize but we’ve never had pure metaphysical money.

ANY THING or physical commodity can monetize. For example, ramen and cigarettes monetize in prison. So they acquire temporary monetization as tokens in that environment. But outside of it they quickly devalue back down to commodities.

Regarding the credit/debt ledger system so popular in chartalism; this too has monetized, but again, outside of certain jurisdictions, namely the 180 fiat token based ones, it quickly devalues to a commodity. And in this case, zero.

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mrclownworld 1y ago

Good point but technically Bitcoin isn’t even Bitcoin 1.0 😂

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Paul 1y ago

Agreed 💯.

What an asymmetrical opportunity we have with this knowledge, right?

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