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2026-09-10 03:55:04 UTC

MoneRogue | Justice for Hayden Panettiere on Nostr: Here's a chart for Bitcoin (and crypto in general) regarding how it fits in the ...

Here's a chart for Bitcoin (and crypto in general) regarding how it fits in the Misesian broader and narrower senses.

Bitcoin in the narrower sense:
Commodity BTC - On-chain BTC
Credit BTC - BTC loans taken
Fiat BTC - N/A (unless you count L2 blockchains like Lightning or paper wallets, let me know your thoughts)

Bitcoin in the broader sense:
BTC-substitutes:
Fiduciary media - Unbacked and irredeemable Bitcoin i.e hacked or lost BTC blockchains
BTC certificates - Backed and redeemable Bitcoin i.e L3 blockchains like Ecash or L-BTC; Paper Bitcoin might all count, not sure.