The best model I've found that explains Bitcoin is Moldbug's Monetary theory. If you had to read just one article I'd recommend http://unqualified-reservations

The best model I've found that explains Bitcoin is Moldbug's Monetary theory. If you had to read just one article I'd recommend http://unqualified-reservations.blogspot.in/2011/04/on-monetary-restandardization.html http://unqualified-reservations.blogspot.in/2011/04/on-monet... But if you have the time you could read all his articles on economics conveniently collected at moldbuggery.blogspot.com (under economics)