Honestly never thought of it that way. Could it be that Bitcoin began with monetary utility as the framework that it was engineered for and not merely a commodity with an underlying utility that became a currency?
What do you mean by recursive relationships?
yes exactly. It's an unusual version of the regression theorum because it's almost circular.
by recursive I mean that it's a loop: it's utliity as money gives it value as money gives it utility as money, etc. a self-reinforcing feedback cycle.
not only is it perfect money, it's perfect money that gets more perfect the "monier" it gets.
