Podcasts: Read_813 - Mises's Regression Theorem, Bitcoin, and Subjective Value đ 14 days ago
- Category: Podcasts | Bitcoin Audible
- Author(s): Guy Swann
- Published: 15th April 2024 14:01
"On the face of it, Bitcoinâs existence seems to violate Misesâs theorem, unless a preceding non-monetary use can be demonstrated. That is, Bitcoin would have to be first valued for its direct utility before it could hold indirect exchange value. So have the criteria been met, or does Bitcoin violate the theorem?" - Emile Phaneuf
You've inevitably come across the argument that Bitcoin violates Mises's Regression Theorem if you've been in bitcoin long enough, but is this really true? And with the obvious and undeniable emergence of Bitcoin, what can this tell us about Mises's observation, and how it applies with the dynamics of the digital age?"
Check out the original article at: Misesâs Regression Theorem, Bitcoin, and Subjective Value Theory | AIER (Link: https://tinyurl.com/49udz4pp)
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