Bitcoin Money

Bitcoin digital currency - decentralized and open source. Exchanged person-to-person, over the Internet.

The Economics Of Bitcoin — How Bitcoins Act As Money

Michael Suede created a video reading of his recent article in which he concluded:

Bitcoins are money because of the properties they have.

They act in exactly the same capacity as gold when used as a money.

The fact that Bitcoins are not represented by a physical commodity is totally irrelevant from the perspective of their use as a store of value.

The free market has decided Bitcoins do have value and can be used as a trade facilitator because of the properties they have; therefore, they are free market money.

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Posted 11 months ago

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Tags: bitcoin, bitcoins, michael, micheal suede, suede, video, videos, youtube, libertarian, libertarian news, economics, gold, metals,
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