To Develop into Cash, Bitcoin Requires Integration With New Social System Know-how

Read Time:12 Minute, 40 Second

2023-01-09 13:00:00

That is an opinion editorial by Frank Nuessle, a publishing entrepreneur, former college professor and social system architect.

On this essay, I argue that Bitcoin and the Lightning Community are, by themselves, not sufficient to efficiently implement an American sound cash system, and that following evolutionary economics, new social applied sciences and new social system designs have to be a part of the equation.

The first objective of cash is to facilitate the alternate of worth. Cash can also be our most crucial, most vital, baseline social system. Bitcoin is just not but cash. Bitcoin fulfills one of many three features of cash in that it’s a reliable expertise for the digital retailer of worth. As soon as Bitcoin is built-in with newly-developed social system applied sciences, it little doubt will fulfill that major objective of cash — to facilitate the alternate of worth.



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