Quote from: justusranvier on January 29, 2013, 04:00:23 PM

Quote from: xxjs on January 29, 2013, 03:55:36 PM

Thats why it seems the regression theorem does not work for bitcoins. You either have to use fantasy and invent some intrinsic value, or you have to modernize the regression theorem.

Or you don't define Bitcoin as money, so the regression theory doesn't apply.

Bitcoin : money :: Internet : newspaper

You definitely have to define bitcoin as money. It has all the required features, and it is used in exchanges.