jimmysong on Nostr: Austrian economic autists insist that Bitcoin isn't money because it's not a "common" ...
Austrian economic autists insist that Bitcoin isn't money because it's not a "common" medium of exchange. That is, it's not accepted everywhere.
But by that definition nothing is money because I can't use it in to pay taxes in Portugal.
That's not just stupid, it's motivated reasoning.
Published at
2024-12-21 20:12:27Event JSON
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"content": "Austrian economic autists insist that Bitcoin isn't money because it's not a \"common\" medium of exchange. That is, it's not accepted everywhere.\n\nBut by that definition nothing is money because I can't use it in to pay taxes in Portugal.\n\nThat's not just stupid, it's motivated reasoning.",
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