I believe that śatosha (nprofile…pg24) is referring to Mises Regression Theorem, in which he theorized that before any commodity could be used as a money, it had to have "a generally accepted utility value" that preceded and effectively bootstrapped its ability to be used as money.
He believed that anything that gained a monetary premium had to first have some utilitarian reason that people valued it. Of course, he had never seen Bitcoin and how it bootstrapped its value as money from the start.
Dikaios1517
npub1ku…v3lhe
2025-02-06 17:29:32
in reply to nevent1q…cfy2
Author Public Key
npub1kun5628raxpm7usdkj62z2337hr77f3ryrg9cf0vjpyf4jvk9r9smv3lhePublished at
2025-02-06 17:29:32Event JSON
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"content": "I believe that nostr:nprofile1qy88wumn8ghj7mn0wvhxcmmv9uq3uamnwvaz7tmwdaehgu3dwp6kytnhv4kxcmmjv3jhytnwv46z7qpqttc8j3sx59d4vs0zt23r6p90fjcd040x3vgu4j68u44ydx8u4rzqw9pg24 is referring to Mises Regression Theorem, in which he theorized that before any commodity could be used as a money, it had to have \"a generally accepted utility value\" that preceded and effectively bootstrapped its ability to be used as money.\n\nHe believed that anything that gained a monetary premium had to first have some utilitarian reason that people valued it. Of course, he had never seen Bitcoin and how it bootstrapped its value as money from the start.",
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