Thoughts on the economics
and philosophy of Bitcoin

When a projected Bitcoin logo shone on the ECB building in Frankfurt late in the evening at the end of March, the central bank’s employees had long since gone to bed. They missed a special moment that didn’t make it into the mainstream media, but went viral on Twitter. It was a startling moment. But not a revolution. The gatekeepers didn’t notice any intruders.
The comparison of money and language is not new, neither in relation to Bitcoin nor to money in general. As early as the 17th century, the English philosopher John Locke noted that the manipulation of silver coins he observed was accompanied by a collapse of the public vocabulary. For him, words were “coins of intellectual exchange.”