A rather widespread idea about money is that we all accept it because it is an implicit social agreement, a shared belief or a “collective hallucination” in the sense we somehow have confidence that others will accept it. …

In this short post I would like to draw the attention over the fact that all economists I have read analyzing the history of Bitcoin have consistently ignored the first Bitcoin exchanges. I admit, of course, that maybe I haven’t read enough.

An exchange is a swap of a good…

Manuel Polavieja

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