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Bitcoin and the Promise of Independent Property Rights — a reply

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"I think it’s useful to distinguish two kinds of crypto-asset. Let us call these ‘imitative’ and ‘entitative’ respectively. An entitative crypto-asset (ECA) is an asset that only exists on a blockchain e.g. ‘bitcoins’ themselves (UTXO), or cryptokitties. An imitative crypto-asset (ICA) is an asset that exists on a blockchain, but which is intended to represent an asset that has an existence outside of the Blockchain e.g. a tokenised ‘e-key’ that controls a car."

From "Bitcoin and the Promise of Independent Property Rights — a reply".

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