Argument by false analogy: the mistaken classification of Bitcoin as token money

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, sto...

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Bibliographic Details
Main Author: Alistair Milne
Format: Default Article
Published: 2023
Subjects:
Banking, finance and investment
Applied economics
Economic theory
bank payments
bank reserves
blockchain
central banking
central bank digital currency
CBDC
cryptocurrency
cryptography
cryptographic money
digital money
direct holding of money
distributed ledger technologies
e-money
fiduciary money
financial regulation
financial technology
monetary claims
payments infrastructure
payment and settlement
payment schemes
permissionless data record systems
permissioned data record systems
Online Access:https://hdl.handle.net/2134/22492567.v1
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