Nick Szabo  🔑

Appreciate the feedback. Would you agree that the terminology discrepancy between money/cash/currency is not what should be focused on in the first place? Seems that the basis of the argument back in the day when BCH split was that Bitcoin wasn't fulfilling the "cash" aspect.

Yes, those are very broad and overlapping terms.

interesting. so money is a store of value, medium of exchange & unit of account; where currency is forms of money in circulation: promissory notes which became fiat currency and no longer a store of value, since the removal of monetary backing. gold is money, fiat is currency.

Gold maximalism. Only dominant for a short period of time. For most of the history of the metallic metals (gold, silver, copper), from Mesopotamian tablets to still many parts of the world in the 19th century, they were all considered money.

Yes, from 1871 to 1914 to be exact. A short period of time, but an incredible period, too!

It was a period where the gold mostly sat in bank vaults and people used trust-based IOUs. Which trust was later abused to turn those IOUs into fiat. Meh.