Eduardo Prospero on Nostr: "If bitcoin ultimately becomes money—i.e. a generally-accepted medium of ...

"If bitcoin ultimately becomes money—i.e. a generally-accepted medium of exchange—then it would be the first non-commodity money to succeed in the absence of legal-tender laws, government assurances, or some kind of institutional backing."

- https://mises.org/quarterly-journal-austrian-economics/bitcoin-regression-theorem-and-emergence-new-medium-exchange