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Bitcoin And The Future Of Money

When faced with Bitcoin, most economists adopt an all too common strategy among academics: shut their eyes and cross their fingers, all the while reciting Father who art in heaven. With a little bit of luck, they think, Bitcoin will be replaced by something different, something that can be manipulated by some arbitrary government committee (perhaps […]

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Bitcoin value

The Value of Bitcoin

It is worth repeating, as even some advocates of monetary freedom seem confused about it – the value of Bitcoin is a function of its monetary qualities. One currency is deemed to be better than another one not because it’s been provided and supported by authorities but rather because of its usefulness, that is because […]

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