Argument by False Analogy: The Mistaken Classification of Bitcoin as Token Money

IF 16.4 1区化学 Q1 CHEMISTRY, MULTIDISCIPLINARY

Accounts of Chemical Research Pub Date : 2023-04-29 DOI:10.1111/jmcb.13061

ALISTAIR MILNE

引用次数: 0

Abstract

Abstract This paper documents inconsistent terminologies and misleading analogies in current discussions of digital money and payments. It offers a more consistent framework for understanding the potential of technological innovation in providing the functions of money and payments: as media of exchange, stores of value, and units of account and the implications of cryptographic technologies underpinning cryptocurrencies for the future of money and payments. These could support efficiency gains in money and payments, but decentralization is not inherent to their application. Radical reform leading to improved economic outcomes is conceivable, but not through disruptive displacement of existing institutional arrangements.

查看原文本刊更多论文

错误类比的论证:比特币作为代币的错误分类

本文记录了当前关于数字货币和支付的讨论中不一致的术语和误导性的类比。它为理解技术创新在提供货币和支付功能方面的潜力提供了一个更一致的框架:作为交换媒介、价值储存手段和记账单位，以及支撑加密货币的加密技术对货币和支付未来的影响。这些技术可以提高货币和支付的效率，但分散化并不是它们的应用所固有的。彻底的改革可以改善经济结果，但不能通过颠覆现有制度安排来实现。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

Accounts of Chemical Research 化学-化学综合

CiteScore

31.40

自引率

1.10%

发文量

312

审稿时长

2 months

期刊介绍： Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance. Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.