Bitcoin is Money AND Currency. This is the first time in human history that we have a single system that encompasses both functions.
I sat down with @Parker Lewis to discuss why this is the case, real world examples of bitcoin competing with the dollar and how to think of capital gains tax while transacting.
Don't shy away from what bitcoin is. It is a revolution in accounting and economic coordination that should be embraced and celebrated.
Many think that admitting that bitcoin competes with the dollar is "poking the bear". These people are wrong. They are simply enabling the emperor with no clothes. Acknowledging that bitcoin competes with the dollar is the correct frame, especially as Washington DC is motivated to create regulatory structures around it.
How Bitcoin Replaces the Dollar - Parker Lewis
