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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…
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…
