Post
Topic
Board Economics
Re: Regression theorem & Bitcoin revisited
by
Walter Rothbard
on 30/01/2013, 20:42:23 UTC
Bitcoin otoh is not shiny at all outside of the context of bitcoin. So without the network actually functioning it is just a pile of bits and not shiny at all.

The network functioned for 503 days before somebody bought a pizza with bitcoins, so the bitcoins were quite shiny by then and promised to continue to be shiny for the foreseeable future.