Money is currency with the additional simultaneous attributes of property.  Inherent value and therefore purchasing power beyond the lone trust of either set of attributes.  An insurance policy against corruption of either.  It likely came about from attempts at corruption from psychopathic forces.  Creating a dual trap of the conscience to block animalistic regression back to territory or favour.  Each element protecting the other.  Money was invented to make both property and currency resistant to corruption from short term thinkers.

As discussed property and currency are derived from the conscience.  This stems from our discussion of the behavioural differences between animals (and psychopaths) and conscionable human beings.  As a a result we can assert what property and currency can not be.

Property can not be a territory.  Currency can not be favour.  The primary difference between both is the internalized will of the conscionable human being to respect both ownership and accomplishment in the present and future without further work.  In the case of property and currency, if you add the work of defense back in the result is, territory and favour.

This is why debt based money is a fallacy.  It functions on the premise that any currency can be made into money simply by promising it in the future.   ‘Money’ is created by saying the property is the promise of future human labor.  Money can never be debt because it completely undermines a conscionable construct and replaces it with it’s psychopathic social structure.  Debt based money is based on the concept that human beings, or at least their labor can be property.  Unreasonable on it’s face.

A debt based money turns property into territory.  Currency into favour.  Property and currency, which long term risk weighs as beneficial to the whole, becomes more subject to the whims of nature and man.  They are no longer the pillars of investment and economy of scale, but a transient permission to persue them.  A favour.  In a way debt-money is psychopathic commentary on the conscience itself.  The lender with a short term jealousy based risk management borrows the wisdom of a holistic conscience long term risk management system in exchange for the only thing they can give, territory and favour.  ‘You may continue to produce widgets to pay off your business debt.  You may continue to maintain the banks house.  You thought you were so smart about risk.  I don’t care what happened, your labor is mine.  Pay me.’

Systemically the reason the self contradicting nature of debt as money is not detected earlier is the competition it inspires.  During the transition from property and currency to territory and favour society can benefit from the attributes of both cooperation and competition.  Guiding and applying each to a perpetually lessening degree.

Eventually cooperation fails.  The mechanism is simple.  Compound interest, once introduced, demands growing competition.  Investment itself becomes no longer wise and eventually no longer possible.  Currencies and property begin to evolve outside of the system.  The debt-money loses trust, and the economies of scale, which need some degree of systemic cooperation, collapse.

I know of the properties that couple well with currencies now, but can’t imagine what they will be in the future.  I do know they need little defense.  I know true currency forces no hierarchy, and fiat can never be money.  I know people, and their labor can never be property.  Money was imagined to resist reversion to an animalistic society.  The day we discover the perfect money, will be the day we no longer need it.

Edit 6/10/15: Added a link.