Feb 16, 2021
Really nice articulation! I wonder if another way of deriving your argument is by saying: If money is essentially a ledger, then because bitcoin has 100% monetary premium, it is a perfect money, whereas gold has < 100% monetary premium, hence not money.
I would slightly disagree with the statement "it does not require a sovereign to assemble it into standard units." Fundamentally the coders, miners, electricity from nature is required.