#bitcoin Is #money
▻https://hackernoon.com/bitcoin-is-money-e559d9885a1?source=rss----3a8144eabfe3---4
TLDR: Money is a tool for recording value exchanged among economic participants. One way to record such value is in a digital ledger. Bitcoin is the first digital ledger to figure out how to prevent the State from destroying it. Bitcoin’s deflationary monetary policy provides an alternative to state-fiat money’s inflationary paradigm.What is money?Money is art. Money attempts to transport one person’s subjective experience into another’s mind: the experience of valuing something. However imperfectly, money lets one person answer another: How much is this worth to you?Money is true speech. The payment of money for some good is a claim about how much I value that good. It cannot be faked because the act of payment requires a commensurate sacrifice of value. Any business trying to charge for (...)