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Why do economists think we care that bitcoin isn't a currency or store of value or unit of account or whatever other economics 101 term? We call it a currency
by NateDad 13y ago
Why do economists think we care that bitcoin isn't a currency or store of value or unit of account or whatever other economics 101 term?
We call it a currency because there's no other good name for it.
How about instead of telling us everything it isn't, they just tell us what it is? I'm guessing the reason they don't, is because they don't know either.
- NateDad 13y agoOh, and every "economist" (intentionally in quotes) that calls bitcoin a Ponzi scheme should have his credentials revoked... just like a geek who says his iPhone ran out of memory due to all the pictures he took.