The Chosen One: Austrian Redux, Part II

By September 24, 2014Bitcoin Business

Here’s Part 1: The Value Foundations of Bitcoin While gritting teeth and shaking hands with Bitcoin is necessary, Austrian economists should flash a toothy smile and embrace it warmly. Bitcoin is, after all, Rothbardian money. I say this because Bitcoin digitally manifests the optimal attributes given to money by Austrian School economist Murray Rothbard. Because of the distributed nature of its protocol, Bitcoin is, in fact, superior to its alternatives: fiat money and a […]

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