Barrett, The Honors College Thesis/Creative Project Collection
Barrett, The Honors College at Arizona State University proudly showcases the work of undergraduate honors students by sharing this collection exclusively with the ASU community.
Barrett accepts high performing, academically engaged undergraduate students and works with them in collaboration with all of the other academic units at Arizona State University. All Barrett students complete a thesis or creative project which is an opportunity to explore an intellectual interest and produce an original piece of scholarly research. The thesis or creative project is supervised and defended in front of a faculty committee. Students are able to engage with professors who are nationally recognized in their fields and committed to working with honors students. Completing a Barrett thesis or creative project is an opportunity for undergraduate honors students to contribute to the ASU academic community in a meaningful way.
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- Creators: Dean, W.P. Carey School of Business
- Creators: Sandra Day O'Connor College of Law
This thesis addresses the widespread questions asked of Bitcoin. Cryptocurrencies - decentralized ledgers of peer to peer transactions – have taken the world by storm, with Bitcoin leading the way by means of being the original, most valuable, and most popular. Despite this widespread use, skepticism remains as to what Bitcoin is and whether it counts as money. I first defend the framework that I use for understanding Social Objects, Searle’s X counts as Y in C formula, as money is undoubtedly a social object. I then argue that Smit et al.’s account of money, while useful, mistakenly identifies an essential characteristic of money, the relative ratio scale, as a feature. I therefore present an alternative account of money. I then explain why the most commonly held account of Bitcoin, the chain Definition fails, and why Bitcoin being a fictional substance is not a problem for Bitcoin being money. I then demonstrate Bitcoin’s compatibility with my alternative account, and from this conclude that Bitcoin is Money.