The Origin, Classification and Utility of Bitcoin

28 Pages Posted: 15 May 2014  

Peter Šurda

Independent

Date Written: May 14, 2014

Abstract

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.

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

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

Peter Šurda (Contact Author)

Independent ( email )

No Address Available

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