Affiliation:
1. Leiden University , The Netherlands
Abstract
AbstractThis essay is dedicated to the memory of Katherine Hawley.1Bitcoin 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.
Publisher
Oxford University Press (OUP)
Reference33 articles.
1. Trust and Antitrust;Baier;Ethics,1986
2. Philosophy, Politics and Economics of Cryptocurrency I: Money without State;Bailey;Philosophy Compass,2021
3. Philosophy, Politics and Economics of Cryptocurrency II: The Moral Landscape of Monetary Design;Bailey;Philosophy Compass,2021
Cited by
2 articles.
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