Post
Topic
Board Economics
Re: Why bitcoin isn't currency.
by
mootinator
on 08/11/2013, 04:09:11 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.  

A byte can't be equal to a charged particle. A byte is eight bits. Sure, a byte can be represented by charged particles, but it is, in practice, just a number no more or less real than any representation of any number. Therefore, a bitcoin, being simply an arbitrary representation of a lot of numbers, should be just fine with you. QED.