The Origin, Classification and Utility of Bitcoin

28 Pages Posted: 15 May 2014

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

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
2,092
Abstract Views
12,383
rank
9,287
PlumX Metrics