Replies (4)

And the modification is a new form of mathematics and data distribution and a universal clock. That makes Bitcoin more than mere money, at the same time that adding those functions enhances its usefulness as money. If technology can be an art form, then Bitcoin is beautiful art. And art, like science, can be divinely inspired. If we can observe that the use of Bitcoin can lead to less wickedness and more virtue, then that should give us pause. I don't know if we can see that, yet, but it does seem to tend that way. Fiat use, especially, seems corrupting. Like there's a curse hafted to it. Although, some people are just greedy and Bitcoin doesn't cure that. Unfortunately.
Currency allows us to transmute one resource into another. The aim of Bitcoin is whatever useful thing we can obtain with it. Rocks have their own value. Though I have to admit that I don't know if they have value apart from being useful or beautiful to rational souls. If not I guess there isn't much difference to Bitcoin. Any real philosophers in the house?
Bitcoin isn't only a currency, tho. It's also a store of value and a measure of cost/energy. It's true money. And something being useful or beautiful is a lot of value. We can use useful things to do good works and beauty inspires hope and motivates laborers. If you can use this modified rock, we call Bitcoin, to feed the poor and heal the sick more efficiently, than with unmodified rocks or letters of credit, then that seems morally significant.