Crypto Is (and Isn’t) Money

Rather than arguing, I’d encourage the whole industry to read more deeply on the subject. And no, I don’t just mean Graeber’s “Debt” and Fergusson’s “Ascent of Money.” The most important book for understanding the monetary context of cryptocurrencies is the “Private Money and Public Currencies, the 16th Century Challenge.” The book outlines the context for the rise of central banks, and hence the motivation for crypto.