On Bitcoin: A Study in Applied Metaphysics

Philosophical Quarterly 73 (3):783-802 (2023)
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Abstract

This essay is dedicated to the memory of Katherine Hawley.1Bitcoin was invented to serve as a digital currency that demands no trust in financial institutions, such as commercial and central banks. This paper discusses metaphysical aspects of bitcoin, in particular the view that bitcoin is socially constructed, non-concrete, and genuinely exists. If bitcoin is socially constructed, then one may worry that this reintroduces trust in the communities responsible for the social construction. Although we may have to rely on certain communities, I argue that social construction doesn’t imply a demand for trust because the relevant communities don’t take on any relevant commitments. Bitcoin is indeed trust-free.

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Author's Profile

Martin A. Lipman
Leiden University

References found in this work

On the Plurality of Worlds.David K. Lewis - 1986 - Malden, Mass.: Wiley-Blackwell.
Group agency: the possibility, design, and status of corporate agents.Christian List & Philip Pettit - 2011 - New York: Oxford University Press. Edited by Philip Pettit.
On the Plurality of Worlds.David Lewis - 1986 - Revue Philosophique de la France Et de l'Etranger 178 (3):388-390.
Trust and antitrust.Annette Baier - 1986 - Ethics 96 (2):231-260.

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