The "What is Money?" Show cover image

"Money: Free and Unfree" with George Selgin (WiM209)

The "What is Money?" Show

00:00

Is Bitcoin a Good Idea?

There's no industrial use for bitcoine. It's pure money. And mesis theorem, which i subscribed to, was a very elegant theoryn explaining how fet money could get goingad we needed a theory. We didn't have a good theory of that. So a bit coin has definitely shown that while the regression theory may explain how actual historic fi moneys got going in some cases, or how they could be valued. Thatt does not, after all, tell us the only route by which something that has no commodity value can become widely accepted that makes sense.

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