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…4 min read·Oct 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…7 min read·Jul 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.5 min read·May 15, 2021--2--2
Manuel PolaviejaBitcoin and intrapersonal exchangesWhy economists have consistenly ignored first Bitcoin exchanges?3 min read·May 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.4 min read·Dec 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…4 min read·Oct 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…3 min read·Oct 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…3 min read·Apr 28, 2020----
Manuel PolaviejaBitcoin, the simplest money ever inventedBitcoin aspires to be to money what the decimal numeric system is to arithmetics.3 min read·Jul 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.3 min read·Feb 25, 2019--2--2