Tibor Fischer

Does bitcoin fit the definition of good money?

Three philosophers readily acknowledge the cryptocurrency’s shortcomings, but emphasise its one important function – as a means of challenging autocratic regimes

[Getty Images] 
issue 10 August 2024

Three philosophers walk into a crypto-currency. Resistance Money: A Philosophical Case for Bitcoin, I’d argue, is a slightly inaccurate title. Messrs Bailey, Rettler and Warmke have composed a book that is a meticulous and unphilosophically lucid examination of the origins and properties of bitcoin. No Hegel, no Husserl, no fuss. ‘We don’t prophesy,’ they state. ‘We don’t preach.’ They plead a Socratic humility. ‘We’d forgive you for thinking that three philosophers aren’t up to the task.’ They describe themselves as ‘epistemic trespassers’ in matters of economics and cryptography.

Access to bitcoin has changed from a muddy country path to a six-lane highway

The editorial sessions for Resistance Money must have been hell. Unlike many academic books where one particular aspect of a subject is assigned to a specialist, this one is a joint text by all three. It’s all the more remarkable, then, that they have written one of the best introductions to bitcoin.

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