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Bitcoin as an Experiment in Self-Organizing Collective Intelligence

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There have been a lot of conversations about Bitcoin over the years. Is it a currency or an equity or a commodity? Is it a store of value? Is it a “settlement mechanism”? Is it not money at all, but merely an example of a decentralized application on the Blockchain? The short answer is: none of the above.

Bitcoin is a self-organizing collective intelligence. As such, what it becomes is entirely a function of what it can do — that is, it is a function of the capacity of its collective intelligence to overcome the challenges that it encounters in its environment.

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