Satoshi Baggins

Blog Info Bitcoin Magazine
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Stats Has written 1 posts about cryptocurrency

Feb 09 2021

The Emergence Of Bitcoin Through The Lens Of Austrian Economics

Feb 09 2021 Published at Bitcoin Magazine under tags  austrian economics philosophy

While many Austrian economists disagree on various topics regarding the origin of money, the most notable and agreed-upon theory on the origin of money is Carl Menger’s theory of salability. Bitcoin arose in a world that was long past the barter phase. Since bitcoin was never used for barter, it did not face the problems that barter economies had, namely the problem of...

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