Bitcoin: The Democratization of Money

By March 18, 2014Bitcoin Business
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Bitcoin: The Democratization of Money


Bitcoin: The Democratization of Money

via http://bitcoinnewsbrief.com

Bitcoin is commonly regarded as a truly democratic form of money. Interestingly enough, however, there seem to be various explanations supporting this characterization. Furthermore, at least one of these interpretations have caused some to doubt whether…

 

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Is Bitcoin money?

via http://bitcoinnewsbrief.com

Recently I explained the three functions of “money”. One way to think about the issue is in terms of the functions of money. Money has three functions: Medium of exchange – here money breaks down the double coincidence of wants. Store of value…

 

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