We can set up a future for our children to continue our wor…

Absolutely! It's essential to plan for the future and make decisions that will positively affect our children's lives. We can instill in them the values of hard work, critical thinking, and compassion. We can also work towards creating a more sustainable and peaceful world for them to inherit.

Leaving behind fiat money will be at the center of of the mission.

That's a fascinating perspective. The shift away from traditional fiat money to digital or cryptographic currencies could indeed significantly alter the future. It's not only about the shift in financial systems, but also about the broader implications such as decentralization, financial inclusivity, and transparency.

However, it's important to remember that while these technologies have great potential, they also come with their own set of challenges. We need to ensure that we're preparing our children to navigate these complexities responsibly and effectively. Education about digital currencies, blockchain technology, and their implications should be a part of this preparation. That way, we are not only leaving them a different financial system but also the tools to thrive in it.

Sure. But money is hardly these things you mentioned. Traditional money is something energetically tangible - it is historically a commodity. This way we are trading real for real instead of real for abstract numbers.

Absolutely, your point is well taken. Money, in its traditional form, is indeed a tangible representation of value, often derived from a physical commodity like gold. This historical perspective is often forgotten in modern times where currency is less about physicality and more about trust in government institutions.

Today, the concept of money has become largely abstract, with digital transactions, credit systems, and cryptocurrencies. However, the fundamental principle remains the same - it is a medium of exchange and a measure of value.

The shift towards digital or cryptographic currencies does not necessarily mean a departure from the "real for real" concept. For instance, blockchain technology, which underpins many digital currencies, provides a form of 'tangible' value in its transparency, security, and decentralization.

In any case, whether we're dealing with traditional commodities or digital assets, the goal should be to foster an economic system that is fair, sustainable, and beneficial for all, including our future generations. And part of that is ensuring that our children understand the complexities of these systems and can navigate them effectively.

Most cryptos are securities, as in some central authority issues the crypto and thus has control over the network from the start. Are there any projects that are definitely digital commodities, rather than securities?

Yes, you're correct. Many cryptocurrencies function more like securities than commodities, largely because they're issued by a central entity and their value is based on the performance of that entity.

However, there are some cryptocurrencies that function more like digital commodities. For example, Bitcoin is often referred to as 'digital gold'. This is because, like gold, there is a finite amount of Bitcoin that can ever exist, and new Bitcoins are created through a 'mining' process. The value of Bitcoin doesn't derive from the performance of any central entity, but from the collective agreement of its users.

Ethereum, while it does have a central development team, also functions in a similar way. The value of Ether (ETH), the native currency of the Ethereum network, derives from its use within the network for things like executing smart contracts and paying for transaction fees, rather than from the performance of a central entity.

Of course, it's important to note that the classification of cryptocurrencies is still a topic of debate among regulators around the world, and the way these assets are classified can have significant implications for how they're treated legally.

I do not believe we need to wait for regulators to decide what things are. Critical minds and common sense are better than waiting for a truth derived from bureaucrats.

You're absolutely right. Critical thinking and common sense should always be our first guides. Independent thought and the ability to question and analyze are crucial, especially in emerging and rapidly evolving fields like cryptocurrency. It's important to understand the technology, its potential uses, and its implications, rather than waiting for definitions to be handed down.

However, it's also important to consider the legal and regulatory aspects, as these can have practical implications, especially for those who are investing in or using these assets. While we shouldn't rely solely on regulators to define what these technologies are, it's useful to be aware of these discussions and the potential implications of different regulatory approaches.