Read_813 - Mises's Regression Theorem, Bitcoin, and Subjective Value

April 15, 2024 00:59:03
Read_813 - Mises's Regression Theorem, Bitcoin, and Subjective Value
Bitcoin Audible
Read_813 - Mises's Regression Theorem, Bitcoin, and Subjective Value

Apr 15 2024 | 00:59:03

/

Hosted By

Guy Swann

Show Notes

"On the face of it, Bitcoin’s existence seems to violate Mises’s theorem, unless a preceding non-monetary use can be demonstrated. That is, Bitcoin would have to be first valued for its direct utility before it could hold indirect exchange value. So have the criteria been met, or does Bitcoin violate the theorem?" - Emile Phaneuf


You've inevitably come across the argument that Bitcoin violates Mises's Regression Theorem if you've been in bitcoin long enough, but is this really true? And with the obvious and undeniable emergence of Bitcoin, what can this tell us about Mises's observation, and how it applies with the dynamics of the digital age?"


Check out the original article at: Mises’s Regression Theorem, Bitcoin, and Subjective Value Theory | AIER (Link: https://tinyurl.com/49udz4pp)


Guest Links


Host Links


Check out our awesome sponsors!


“All rational action is in the first place individual action. Only the individual thinks. Only the individual reasons. Only the individual acts.”

~ Ludwig von Mises

--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

Other Episodes

Episode

July 20, 2021 00:37:23
Episode Cover

Read_544 - Another Way to Think About Bitcoin's Value [Bradley Rettler]

"Owning bitcoin is often put in contrast to owning stock in a company that produces a good or service. In virtue of the company...

Listen

Episode

January 31, 2020 00:44:14
Episode Cover

CryptoQuikRead_346 - The Kindest Cut; Why The 2020 Bitcoin Halving... [Peter C. Earle]

"What’s noteworthy about this point is that, upon this particular halving, Bitcoin “inflating” at a roughly 1.8 percent rate annually will nominally — and...

Listen

Episode

March 01, 2018 00:08:42
Episode Cover

CryptoQuikRead_012 - Wyoming House Unanimously Approves Two Pro-Blockchain Bills

Is Wyoming set to become the nation's most Bitcoin friendly state? Listen to learn more! From Bitcoinmagazine.com and written by Erik Kuebler --- Send...

Listen