Post
Topic
Board Economics
Re: Why bitcoin isn't currency.
by
sublime5447
on 07/11/2013, 20:10:43 UTC
also conflating units of physical measurement with currency, units as placeholders for valuation as a medium of exchange, is completely irrational. The comparison just doesn't work.
you can say a gram is a certain number of atoms. That is objectively true. There is no such thing as objective value, so you can't measure a constantly defined unit of value. You're just confused.

The same is true of data. It is not objectively real. We measure opinions against facts. Data is equal to a byte a byte is equal to charged particle.

If bitcoin were equal to a byte it could work. But the limit would have to be removed to keep the definition true.