Exactly this! Bitcoin is much more interesting as way of representing CREDIT, not MONEY. Credit is much older and much better way of representing of how humans make contracts with each other. Money is a sideline invention we did to make it possible to pay soldiers for fighting. (Soldiers are inherently bad credit risks because they kill and die for a living).
People perceive money to be something of intrinsic value (Or that it _should_ be that. Krugman's complaint about arguing normative versus positive is at play here, for sure). People perceive credit as merely a record of a debt.
The gold-standard freaks seem to not understand this non-difference. A large subset of folks who ideologically back Bitcoin also indulge in this fantasy.
