In this article, we identify three key design dimensions along which cryptocurrencies differ -privacy, censorship-resistance, and consensus procedure. Each raises important normative issues. Our discussion uncovers new ways to approach the question of whether Bitcoin or other cryptocurrencies should be used as money, and new avenues for developing a positive answer to that question. A guiding theme is that progress here requires a mixed approach that integrates philosophical tools with the purely technical results of disciplines like computer science and economics.
In this article, we describe what cryptocurrency is, how it works, and how it relates to familiar conceptions of and questions about money. We then show how normative questions about monetary policy find new expression in Bitcoin and other cryptocurrencies. These questions can play a role in addressing not just what money is, but what it should be. A guiding theme in our discussion is that progress here requires a mixed approach that integrates philosophical tools with the purely technical results of disciplines like computer science and economics.
Over the last half century, possible worlds have bled into almost every area of philosophy. In the metaphysics of modality, for example, philosophers have used possible worlds almost exclusively to illuminate discourse about metaphysical necessity and possibility. But recently, some have grown dissatisfied with possible worlds. Why are horses necessarily mammals? Because the property of being a horse bears a special relationship to the property of being a mammal, they say. Not because every horse is a mammal in every possible world. Some have recently begun to use properties to develop rivals to possible worlds semantics which may someday compare in formal power and capture the different systems of modal logic. In this paper, I do two things. I first offer a quick primer on possible worlds semantics. Then I discuss three rivals and the work they have left to do.
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