dikaios1517 on Nostr: I believe that shutosha is referring to Mises Regression Theorem, in which he ...

I believe that shutosha (nprofile…pg24) is referring to Mises Regression Theorem, in which he theorized that before any commodity could be used as a money, it had to have "a generally accepted utility value" that preceded and effectively bootstrapped its ability to be used as money.

He believed that anything that gained a monetary premium had to first have some utilitarian reason that people valued it. Of course, he had never seen Bitcoin and how it bootstrapped its value as money from the start.