[Cryptography] Montana: A Post-Quantum Blockchain with Time as Scarcity

[Ron Garret]

> On May 25, 2026, at 7:51 PM, John Levine <johnl at iecc.com> wrote:
> 
> It appears that Ron Garret <ron at flownet.com> said:
>> 
>>> On May 23, 2026, at 3:53 PM, calebpayne at gmx.us wrote:
>>> 
>>> The exchange between Bill and Ron Garret cuts straight to one of the most persistent schisms in monetary economics and decentralized
>> systems design: the distinction between **money as a stable unit of account** and **money as a neutral censorship-resistant ledger**.
>> 
>> There is actually a higher level of abstraction which is: money as a GENERALIZED CONTRACT, specifically, a generalization of an I.O.U. where
>> one of the parties is not an individual entity but society at large.
> 
> I would agree but I would also say that's quite a modern interpretation.

True.  I'm thinking specifically of modern fiat currency.  When using commodities as money things are different.  But most of the BTC advocacy I hear speaks of it as a replacement for the USD, not a replacement for gold.

rg