Was Aristotle a Bitcoiner? — Bitcoin Magazine

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This is an opin­ion edi­to­r­i­al by Joe Mof­fett, a cre­ator and author. He is ded­i­cat­ed to phi­los­o­phiz­ing and extreme deduc­tive rea­son­ing in a world of hot takes.

Aris­to­tle had a lot to say about mon­ey, but what would he have said about bitcoin? 

“There are two sorts of wealth-get­ting, as I have said; one is a part of house­hold man­age­ment, the oth­er is retail trade: the for­mer nec­es­sary and hon­or­able, while that which con­sists in exchange is just­ly cen­sured; for it is unnat­ur­al, and a mode by which men gain from one anoth­er. The most hat­ed sort, and with the great­est rea­son, is usury, which makes a gain out of mon­ey itself, and not from the nat­ur­al object of it. For mon­ey was intend­ed to be used in exchange, but not to increase at inter­est. And this term inter­est, which means the birth of mon­ey from mon­ey, is applied to the breed­ing of mon­ey because the off­spring resem­bles the par­ent. Where­fore of an modes of get­ting wealth this is the most unnat­ur­al.” (Source)

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