Eduardo Prospero on Nostr: "Beyond this, what was the critical element that bitcoin needed in order to emerge as ...

"Beyond this, what was the critical element that bitcoin needed in order to emerge as a medium of exchange? It was for at least some actors to have enough confidence that when it was first obtained by them for goods they wished to sell, it could be spent for items they wished to buy. It may well be the case that the reason they had this confidence was because bitcoin did indeed have a prior non-monetary value. "

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