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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