{"title":"On Bitcoin: A Study in Applied Metaphysics","authors":"Martin A. Lipman","doi":"10.1093/pq/pqad030","DOIUrl":null,"url":null,"abstract":"\n This essay is dedicated to the memory of Katherine Hawley.1\n Bitcoin was invented to serve as a digital currency that demands no trust in financial institutions, such as commercial and central banks. This paper discusses metaphysical aspects of bitcoin, in particular the view that bitcoin is socially constructed, non-concrete, and genuinely exists. If bitcoin is socially constructed, then one may worry that this reintroduces trust in the communities responsible for the social construction. Although we may have to rely on certain communities, I argue that social construction doesn’t imply a demand for trust because the relevant communities don’t take on any relevant commitments. Bitcoin is indeed trust-free.","PeriodicalId":47749,"journal":{"name":"PHILOSOPHICAL QUARTERLY","volume":" ","pages":""},"PeriodicalIF":1.0000,"publicationDate":"2023-03-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"PHILOSOPHICAL QUARTERLY","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1093/pq/pqad030","RegionNum":2,"RegionCategory":"哲学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"0","JCRName":"PHILOSOPHY","Score":null,"Total":0}
引用次数: 0
Abstract
This essay is dedicated to the memory of Katherine Hawley.1
Bitcoin was invented to serve as a digital currency that demands no trust in financial institutions, such as commercial and central banks. This paper discusses metaphysical aspects of bitcoin, in particular the view that bitcoin is socially constructed, non-concrete, and genuinely exists. If bitcoin is socially constructed, then one may worry that this reintroduces trust in the communities responsible for the social construction. Although we may have to rely on certain communities, I argue that social construction doesn’t imply a demand for trust because the relevant communities don’t take on any relevant commitments. Bitcoin is indeed trust-free.
期刊介绍:
The Philosophical Quarterly is one of the most highly regarded and established academic journals in philosophy. In an age of increasing specialism, it remains committed to publishing high-quality articles from leading international scholars across the range of philosophical study. Accessibility of its content for all philosophers - including students - is an editorial priority. The Philosophical Quarterly regularly publishes articles, discussions and reviews, and runs an annual Essay Prize. Its distinguished international contributors engage with both the established and the new, for example, through reflection on cognitive psychology, decision theory, quantum mechanics.