The Philosophy of Bitcoin and the Question of Money

Author:

Butler Simon1ORCID

Affiliation:

1. Royal Holloway, University of London

Abstract

Money has been a polarising and unresolved socio-economic issue for more than 300 years. In this article, we explore how the state became increasingly involved in money and, through the words of prominent monetary theorists, identify the problem of the state in money. We analyse Bitcoin to see if it is a solution to this problem but move on to contend that the political dimension needs to be the focus of theory in the 21st century and that control of the supply of money, and the power that it gives, is the root of contention.

Publisher

SAGE Publications

Subject

General Social Sciences,Sociology and Political Science

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