Bitcoins & Mises's Regression Theorem
Channel: Roman's Book Report
Date: 2013-04-12

Bitcoins adhere tot the regression theorem when one stops looking for a commodity backing and recognizes that they are backed by a service -- the service of transporting wealth.

My recent article at dailyanarchist.com which touches on this idea:
http://dailyanarchist.com/2013/04/12/bitcoin-skepticism-and-bitcoin-fever/

Robert Murphy lays out the issue of Mises's regression theorem vs bitcoin (about 18:30 to 26:00):
http://www.youtube.com/watch?v=tmvqihHaT2k#t=18m25s