It is an interim money.
Saturday, November 9, 2013
Is The Bitcoin Money?
The regression theorem of money is applicable to bitcoins
since they are priced against currencies that originated out of a commodity
money. Bitcoin is a money and if it can maintain its ability to stay
invulnerable to the meddling of the State it will have a similar kind of
economic impact that money had when it emerged in the market to improve upon
barter: the State is that much of a burden of inefficiency (not to mention corruption).
It is an interim money.
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It is an interim money.
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