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Economics of Cryptocurrency

Raymond SmithApr 15, 2018, 5:25:53 AM
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There is no agreed distinction between a "Token" and a "Coin"

It's often said that a "Token" cryptocurrency is one which has "wider functionality" than "payment". It has a practical use. But this is not a good definition, because no 
Bitcoin -> [Synthetic] Commodity Money
Storj -> Money Substitute

Additional Resources

Reading

Bitcoin, the Regression Theorem, and the Emergence of a New Medium of Exchange[pdf]
The Origin of Money and its Value
Murphy on Bitcoin and the Regression Theorem
The Economics of Bitcoin: A Primer
Cryptocurrencies and the Wider Regression Theorem

Audio

Marina Dzhashi with Mark Thornton on Bitcoin

Video

Malavika Nair, The Economics of Bitcoin

#mises #RegressionTheorem #economics #AustrianEconomics #cryptocurrency #coin #token