Quote from: ShortCoins on December 14, 2017, 03:06:55 PM

What is money?
Money is a FUTURE claim on services or goods. It represents an amount of goods one is entitled to collect on

[...]

What is crypto?
Crytpo is a PAST claim on services or goods. It represents an amount of goods or services that one has already used

Here is what I mean by the difference between a future and a past claim on goods or services. Money is a future claim on the world's resources (including labor and services). You can use that money at a future point to collect in on what you are 'owed'. This differs dramatically from crypto. Crypto is actually a past claim on services or goods, because it cannot be earned without destroying resources. The value of crypto comes from the fact that electricity, man hours, and hardware are destroyed in order to create.

Say what? I quoted enough to provide sufficient context; but what I am really interested in is this: Money is a future claim on the worlds resources (including labor and services). You can use that money at a future point to collect in on what you are owed.

From where do you believe money derives that claim? In itself, and/or in contradistinction to crypto.

(I leave aside for now the nasty myth that crypto derives its value from electricity, man hours, and hardware are destroyed in order to create. Thats patently untrue; but to understand why, first you must have a clear definition of money.)