Is Bitcoin Sound Money?

Part of Module 2 of Bitcoin Diploma →

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Activity TypeDiscussion
Description

Participants return to the money comparison table and assess Bitcoin alongside cows, cigarettes, diamonds, and euros. Using characteristics such as durability, portability, uniformity, acceptability, scarcity, and divisibility, they complete the comparison and discuss whether Bitcoin meets the characteristics of sound money.

Objectives
  • Participants compare Bitcoin with other forms of money using the characteristics of good money.
Materials
  • Money comparison table.

Setup

Return to the money comparison table from Chapter 2.

Procedure

Step 1

Review the characteristics: durable, portable, uniform, acceptable, scarce, and divisible.

Step 2

Compare cows, cigarettes, diamonds, euros, and Bitcoin against each characteristic.

Step 3

Complete the totals in the comparison table.

Discussion Questions

How does Bitcoin compare with other forms of money?

Notes

Bitcoin Diploma assessment link: May provide the individual-response context for T2 / C2. Use the approved protocol, including an explanation of how a Bitcoin property could help or limit its use as money and the required explanation of participant roles; otherwise, this activity is formative.