The Origin, Classification and Utility of Bitcoin

Peter Šurda


May 14, 2014

Bitcoin seems to create a great confusion among Austrian economists, leading to contradictory statements and a fictional history for Bitcoin. In this paper, I attempt to explain the origin of Bitcoin, its classification and utility from Austrian perspective.

Number of Pages in PDF File: 28

Keywords: Bitcoin, medium of exchange, money, regression theorem, commodity money, fiat money, money substitutes, elasticity, exchange

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Date posted: May 15, 2014  

Suggested Citation

Šurda, Peter, The Origin, Classification and Utility of Bitcoin (May 14, 2014). Available at SSRN: https://ssrn.com/abstract=2436823 or http://dx.doi.org/10.2139/ssrn.2436823

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Peter Šurda (Contact Author)
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