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Is Bitcoin Money?

Abbreviated Question: 
Is Bitcoin Money?
Answer: 

Money refers to any asset that is widely used and accepted as a form of payment. It must be a medium of exchange, a unit of account, and a store of value (assets like stocks, bonds are all stores of value meaning they can be traded for goods at a future date). Bitcoin, by this definition, is money.

What would happen if the wealth of a generation were randomly distributed to the next generation?

Abbreviated Question: 
What would happen if the wealth of a generation were randomly distributed to the next generation?
Answer: 

Thank you for your question. The economies would look very different. Your hypothetical world seems analogous to one that imposes a 100% estate tax and uses a lottery to transfer any tax collected back to the economy. Naturally, individuals facing a 100% state tax would have no incentives to leave any (intended) estate. Unintended estates, or bequests, could still occur because of uncertainty about the length of life.