Architectural Adequacy and Evolutionary Adequacy as Characteristics of a Candidate Informational Money

Open Access
Authors
Publication date 27-04-2015
Edition 1
Number of pages 25
Publisher Amsterdam: Informatics Institute, University of Amsterdam
Organisations
  • Faculty of Science (FNWI) - Informatics Institute (IVI)
Abstract
For money-like informational commodities the notions of architectural adequacy and evolutionary adequacy are proposed as the first two stages of a moneyness maturity hierarchy. Then three classes of informational commodities are distinguished: exclusively informational commodities, strictly informational commodities, and ownable informational commodities. For each class money-like instances of that commodity class, as well as monies of that class may exist.
With the help of these classifications and making use of previous assessments of Bitcoin, it is argued that at this stage Bitcoin is unlikely ever to evolve into a money. Assessing the evolutionary adequacy of Bitcoin is perceived in terms of a search through its design hull for superior design alternatives.
An extensive comparison is made between the search for superior design alternatives to Bitcoin and the search for design alternatives to a specific and unconventional view on the definition of fractions.
Document type Working paper
Note Version 1.
Language English
Published at http://arxiv.org/abs/1504.07184
Downloads
2517719 (Final published version)
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