Post
Topic
Board Economics
Topic OP
First biological theory of money supports Bitcoin
by
maanmieli
on 23/08/2019, 07:15:00 UTC
Hi all,

Modern biology has been getting close to solving the mystery of money ever since Dawkins attempted a definition in 'The selfish gene'. By clarifying some basic conceptual issues, this research article defines Bitcoin as the first form of digital money. Fiat 'money' and any coin that prioritises exchange over value is defined as credit. This sorts out the confusion with ideas like 'credit-money or 'money is debt' or 'money comes from a commodity'... In this way, the article solves the recent debate between David Graeber and the Austrian School. I hope it is useful.

https://www.academia.edu/40138316/Money_is_a_token_of_cooperation_The_biology_of_indirect_exchanges