Even if Bitcoin's a conventional store-of-value/commodity currency, it's still a (limited) net good insofar as it facilitates illegal trade.
@KevinCarson1 Not sure why you differentiate between commodity currency and limited good here--think the base phenomena is the same for BTC
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@sarahjeong Commodity currencies IMO are useful in cases like trade outside trust network. But I think the real workhorse currencies...Merci. Twitter en tiendra compte pour améliorer votre fil. SupprimerSupprimer
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@sarahjeong ...in a relocalized/postcorporate economy will be digital/encrypted versions of Greco's mutual credit-clearing architecture. -
@KevinCarson1 > behaves like commodity money because it is a limited good w/r/t the Silk Road. -
@KevinCarson1 (or alternately, a stock for speculation) -
@sarahjeong By "commodity money" I just mean a backed currency like gold. And for me that's inherently limited because it's just an...
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@sarahjeong Bitcoin's basically just conventional capitalist money in a new form.Merci. Twitter en tiendra compte pour améliorer votre fil. SupprimerSupprimer
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