Posts Tagged ‘Regression Theorem’

Reconciling the Regression Theorem with Bitcoin

Thursday, June 6th, 2013   Submitted by Michael Hendricks

Regression

When Austrians argue about Bitcoin there seems to be two basic camps. On the one hand there are those who use the regression theorem to argue that Bitcoin isn’t money, and on the other there are Bitcoiners who don’t see the regression theorem as relevant to Bitcoin at all. The regression theorem applies to Bitcoin in the same way that modern evolution theory applies to Darwinism. The regression theorem explains the origins of money, but it does not explain the current state of the money market.

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