Lewis explains how these principles can help “eliminate the noise” of competition and lead to the conclusion that Bitcoin will be the dominant currency.Individuals adopt Bitcoin because it possesses unique properties that make it superior as a form of money relative to all other currencies. Because money is a solution to an intersubjective problem, monetary systems tend to converge on a single medium.
These properties are also causing a change in the market and in the traditional financial system. Lewis says these changes are causing the market to move toward Bitcoin and its use as a tool to “communicate and measure value”. This is because it represents an improvement over any other monetary medium.
Author : Reynaldo