I read with interest JP Koning’s post “Programmable money isn’t new, we’ve had it for ages“. As an independent monetary economist, JP is well worth following on Twitter, and his blog Moneyness is one of the most thoughtful sources of fact-based commentary on how money is evolving.
Although I agree with the post’s content, I feel it’s missing a few key points about public blockchain based money vs the programmability of payment instructions today. This post is a respectful response and addition to the narrative, and should be read after reading and appreciating JP’s post.
Continue reading “It ain’t just about programmability”