Manuel PolaviejaBitcoin as a means of paymentA common criticism of Bitcoin is that, after more than ten years of existence it is not being used widely for online payments and even less…Oct 10, 2021Oct 10, 2021
Manuel PolaviejaConfidence and moneyConfidence would also apply to the exchange value of any commodity. It is nothing special for money, it does not explain the value of…Jul 13, 2021Jul 13, 2021
Manuel PolaviejaMises did not understand Menger (IIIBitcoin is a commodity, so in order to understand it better we need a good theory of commodities. Carl Menger does the trick.May 15, 20212May 15, 20212
Manuel PolaviejaBitcoin and intrapersonal exchangesWhy economists have consistenly ignored first Bitcoin exchanges?May 7, 2021May 7, 2021
Manuel PolaviejaThe economics of Proof of WorkThe Bitcoin subsidy is not produced by the miners, but issued and sold by the stakeholders in exchange for specific hashes.Dec 21, 2020Dec 21, 2020
Manuel PolaviejaMoney, “intrinsic value” and record keeping devices.From a very interesting twitter discussion about Money being a “record keeping device” or not, I learnt about this paper from David…Oct 23, 2020Oct 23, 2020
Manuel PolaviejaThe “intrinsic” value of Bitcoin (II)I am quoting the word “intrinsic” because as of the theory of subjective value, all value is subjective and it depends on the perceived…Oct 5, 2020Oct 5, 2020
Manuel PolaviejaAustrians surrender their head to Paul KrugmanPaul Krugman wrote an article in the New York Times dennouncing Peter Schiff´s predictions about inflation in 2009. I normally disagree on…Apr 28, 2020Apr 28, 2020
Manuel PolaviejaBitcoin, the simplest money ever inventedBitcoin aspires to be to money what the decimal numeric system is to arithmetics.Jul 15, 2019Jul 15, 2019
Manuel PolaviejaWhy Mises monetary theory is weakMises Theory is quantitativist because it classifies credit as present good when used as currency. That is a present good like gold.Feb 25, 20192Feb 25, 20192
