What Is Money? (Yes, We're Talking About Bitcoin)
Authored by Charles Hugh Smith via OfTwoMinds blog,
Good ideas don't require force. That describes the Internet, mobile telephony and cryptocurrencies.
What is money? We all assume we know, because money is a commonplace feature of everyday life. Money is what we earn and exchange for goods and services. Everyone thinks the money they’re familiar with is the only possible system of money—until they run across an entirely different system of money.