You should check out one of my other articles, The Original Value of Bitcoins, which explains the relationship of Bitcoin to the regression theorem. http://them

You should check out one of my other articles, The Original Value of Bitcoins, which explains the relationship of Bitcoin to the regression theorem. http://themisescircle.org/blog/2013/07/02/the-original-value-of-bitcoins/ http://themisescircle.org/blog/2013/07/02/the-original-value... There is also relevant work done by Peter Surda http://dev.economicsofbitcoin.com/mastersthesis/mastersthesis-surda-2012-11-19b.pdf http://dev.economicsofbitcoin.com/mastersthesis/mastersthesi... and Konrad Graf, whose work is definitive, but significantly longer. http://konradsgraf.com/blog1/2013/11/3/expanded-on-the-origins-of-bitcoin-paper-with-empirical-supp.html http://konradsgraf.com/blog1/2013/11/3/expanded-on-the-origi...