No worries, I'm sorry it couldn't be more concise, unfortunately that is the way of things, sometimes you can't simplify it more without losing important meaning without having a sound and reliable common reference and definition.

I tried to keep it as short as possible while preserving a unique meaning unambiguously. Given the adversarial and critical nature of much of the many participants on social media this has become a necessity when its technical. This problem is why communicating on this subject matter is so difficult today.

The state of education is also horrible. I could mention horror stories but it'd be another long paragraph, and not add much. Its quite hard to communicate technically without a good common vernacular and reference.

> currently ... stuck in doctor's office.

Hopefully nothing too serious, doctors can be a real pain, but often necessary.

Getting back to your response, If you are already familiar with the material that's covered rigorously (with historical footnote references) by Ludwig von Mises, in his book on the Theory of Money and Credit, then what's mentioned basically follows along similar lines of reasoning.

It takes the criteria he uses of the various forms/groups of money, and money substitutes, and follows along the same analysis framework. The failures logically follow when you treat fundamentally separate functional groups as the same.

There is often a fine nuance between the legal concept of money as debt settlement or obligation, and the economic concept of money which often gets ignored or conflated to what amounts to fallacy when examining these kind of documents, which is why unambiguous definitions are so important.

On a side note, many people today have never heard of Mises, and the material on this subject matter has not been aggregated appropriately anywhere else at least as far as I'm aware, in such an equivalent short form and aimed towards the common person.

I also try not to mention him by name because there is a coordinated effort on HN and other places to downvote any posts with keywords related to what he talks about to the point where the responses can't be seen.

Every post I've referenced him in the last 6 months, and with certain others, has been downvoted to the point of the content being removed from visibility; often within a day.

I take a karma hit every time, but he covers material that is sound and foundational.

I've also seen similar behavior when referencing Adam Smith's Wealth of Nations, Landes on Wealth & Poverty, and Carl Menger on subjective value. All well established and recognized works from great minds of the past.