The Original Value of Bitcoins

URL: http://www.thebitcoinchannel.com/archives/16964

coinconsultancy.com / by Daniel / July 18, 2013

The Regression Theorem

From the standpoint of the Austrian School of economics the most puzzling aspect of the Bitcoin network is its relationship with the regression theorem, the Austrian economists' explanation of the origin of money.1 The regression theorem addresses two separate issues: the emergence of a [...]