I was struck by the headline: “CFTC Takes Aim At Crypto Fraud,” The Wall Street Journal, Saturday January 20, 2018 B5. The article is about the government charging people with fraud in connection with bitcoin futures.
Forget about the article for a second, as that’s not my point. When the currency has no inherent value, is the information that the bitcoin represents itself something of value? And that value can change.
I’m not sure the case is different for paper currency, even if backed by the full faith and credit of the government. Is money something different than information? Why are money assets “governed” differently than information assets? How is money different from information. Discuss; limit three pages.