Ethereum circles are endlessly debating whether ETH should be seen as “money” in the same way bitcoin is embraced as a commodity currency.

In a Devcon talk Thursday, Ethereum Foundation researcher Mike Neuder laid out his case for ether’s foundational attributes both as a permissionless and programmable asset, and as a resilient form of decentralized money. Neuder explored how ETH can serve as a secure, global currency— one with intrinsic safeguards for property rights, censorship resistance, and self-sovereignty across the multi-layered Ethereum ecosystem, eventually including its rollups.

To explain Ethereum’s “permissionlessness,” Neuder referenced Hayek and…

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