“What Bitcoin is depends on its use as a means of storing and porting value, which in turn rests on secure titles to ownership of a scarce good.” - Jeffrey Tucker
It can be incredibly difficult to make sense of, and imagine the immense amount of value provided by the Bitcoin system. And so often we conflate the token itself, with the assurances it provides. Clearly they cannot be detached from one another, but what else is there that could explain how, after 10 months at a price of zero, Bitcoin finally achieved a positive valuation? What led to this moment, and does this break Mises's Regression Theorem, or does it actually meet the criteria laid out by the brilliant economist, almost a century later?
Find out in today's awesome read from author and editorial Director of Aier.org, Jeffrey Tucker:
https://www.aier.org/article/why-does-bitcoin-have-value/
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