Quote from: johnyj on May 02, 2015, 12:42:23 PM

Economy theory is always politically related, so the first question is to answer if government allow the mass circulation of alternative currency? So far, most of the countries only allow their domestic currency to circulate, that also has something to do with tax collection

From this perspective, I think bitcoin will only work as a digital asset, serving specific purposes like saving and international transaction, so the demand is not driven by GDP or something in mainstream economics

I guess we're talking a brand new theory here. I agree, any economic theory is in fact a political economy, still I can't recall any well-grounded theory (at least originated in medieval Europe and till today) that has a decentralization at its very heart.

I would also like to mention that I find your opinion towards bitcoin being in future just

Quote

a digital asset, serving specific purposes like saving and international transaction, so the demand is not driven by GDP or something in mainstream economics

quite reasonable, but not conflicting with the idea of research and creation of a new Economic theory.

Thanks to the OP author, I'm gonna stay tuned and think of a way to contribute.