"Money is an intersubjective problem, and a choice to opt into one monetary medium is an explicit opt out of the other, which in turn causes one network to gain value (and utility) at the direct expense of another." - Parker Lewis
Skipping around a little bit in the "Gradually, Then Suddenly" series, we read the most recent (#12) published on the Unchained Capital Blog. No, Bitcoin isn't a startup. No, there will not be many currencies. No, you can't create an alternative that doesn't compete with Bitcoin's monetary properties. The very problem of money is one of intersubjectivity, which can only be solved through convergence on a single monetary medium. Bitcoin.
Listen to this excellent installment from Parker Lewis and the Unchained Team. "Bitcoin Obsoletes All Other Money."
https://unchained-capital.com/blog/bitcoin-obsoletes-all-other-money/
To check out the rest of the audio collection for the Unchained Blog, check out the site:
https://thecryptoconomy.com/collections-new/
Also mentioned on the show was Nick Szabo's excellent piece, "Money, Blockchains, & Social Scalability."
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_066---Money--Blockchains--and-Social-Scalability-e2ndsj
Guy's Roundtable gets together for another awesome breakdown. Covering all the happenings this month: Trump wins the election, new bitcoin innovations, court rulings on...
"All around the nation there are toddlers plunked down in front of iPads being subjected to synthetic runoff, deprived of human contact _even in...
"I think there are some important economic errors in the stories I see people telling about crypto, on Twitter and elsewhere — errors that...