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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1 comment:
Obviously, the appeal of BitCoins is its being beyond the reach of government. Many who invest in BitCoins are the same as those who forsee the collapse of central bank currencies around the world. And BitCoins have the appeal of being as truly international as gold or silver. While government might discover and confiscate your gold or silver, they may have a more difficult time seizing or taxing your BitCoins.
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