1 research outputs found
Architectural Adequacy and Evolutionary Adequacy as Characteristics of a Candidate Informational Money
For money-like informational commodities the notions of architectural
adequacy and evolutionary adequacy are proposed as the first two stages of a
moneyness maturity hierarchy. Then three classes of informational commodities
are distinguished: exclusively informational commodities, strictly
informational commodities, and ownable informational commodities. For each
class money-like instances of that commodity class, as well as monies of that
class may exist.
With the help of these classifications and making use of previous assessments
of Bitcoin, it is argued that at this stage Bitcoin is unlikely ever to evolve
into a money. Assessing the evolutionary adequacy of Bitcoin is perceived in
terms of a search through its design hull for superior design alternatives.
An extensive comparison is made between the search for superior design
alternatives to Bitcoin and the search for design alternatives to a specific
and unconventional view on the definition of fractions.Comment: 25 page