Bitcoin as money has already succeeded. It is being used every hour of every day as money, and has been now for several years.https://twitter.com/roysebag/status/813442224985899008 …
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but as you illucidate with wampum, money can't just succeed it must cannibalize or it's usage declines asymptotically.
The subsequent growth or decline has nothing to do with how it originated, it has to do with demand for it as money.
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It's truly zero sum IMO and why I believe the great challenge to academic debate is how a non-natural element ascends as money
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time to re-write all your ECO Books , Bitcoin is Pandora's box. A new breed all in its own. can't debate off old info
End of conversation
New conversation -
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Bitcoin must displace other abstract money or be relegated as other abstract commodities - that's the non-natural commodity flaw
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