Bitcoin, The Regression Theorem, and the Emergence of a New Medium of Exchange
Autor(a) principal: | |
---|---|
Data de Publicação: | 2017 |
Outros Autores: | |
Tipo de documento: | Artigo |
Idioma: | por |
Título da fonte: | Mises |
Texto Completo: | https://revistamises.org.br/misesjournal/article/view/43 |
Resumo: | A recent controversy has brewed over whether or not the emergence of bitcoin, as a new medium of exchange, is in accordance with Mises’s regression theorem. The main question in the debate seems to be, is bitcoin valued in direct use? The present paper contends that with respect to the regression theorem, this issue has no bearing on bitcoin’s genesis, because it is relevant only when a new medium of exchange arises out of a pure barter economy. The debate is therefore predicated on a misinterpretation of the theorem. However, the issue of bitcoin’s direct-use value, if it has one, does have relevance in assessing the likelihood it will become a generally-accepted medium of exchange—i.e. money. |
id |
IMB-1_73614a86ce7c5aec5994e889f9471e66 |
---|---|
oai_identifier_str |
oai:ojs.emnuvens.com.br:article/43 |
network_acronym_str |
IMB-1 |
network_name_str |
Mises |
repository_id_str |
|
spelling |
Bitcoin, The Regression Theorem, and the Emergence of a New Medium of ExchangeBitcoin, o teorema da regressão e a emergência de um novo meio de trocadinheirobitcointeorema da regressãoMisesmoneybitcoinregression theoremMisesA recent controversy has brewed over whether or not the emergence of bitcoin, as a new medium of exchange, is in accordance with Mises’s regression theorem. The main question in the debate seems to be, is bitcoin valued in direct use? The present paper contends that with respect to the regression theorem, this issue has no bearing on bitcoin’s genesis, because it is relevant only when a new medium of exchange arises out of a pure barter economy. The debate is therefore predicated on a misinterpretation of the theorem. However, the issue of bitcoin’s direct-use value, if it has one, does have relevance in assessing the likelihood it will become a generally-accepted medium of exchange—i.e. money.A controvérsia acerca da emergência do bitcoin como um novo meio de troca e sua conciliação com o teorema da regressão de Mises tem se intensificado nos últimos tempos. A questão principal do debate pode ser assim formulada: teria o bitcoin um valor de uso direto? O presente estudo afirma que o teorema da regressão não tem aplicabilidade à questão da gênese do bitcoin, pois o teorema limita-se a explicar a emergência de um novo meio de troca sob uma economia de troca pura ou escambo. O debate, portanto, está fundamentado em um erro de interpretação do teorema. Entretanto, a questão do valor de uso direto do bitcoin, se é que se pode afirmar que exista, tem sim importância para a avaliação da probabilidade de o bitcoin tornar-se um meio de troca generalizadamente aceito – isto é, dinheiro.Instituto Mises Brasil2017-12-09info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://revistamises.org.br/misesjournal/article/view/4310.30800/mises.2017.v5.43MISES: Interdisciplinary Journal of Philosophy, Law and Economics; Vol. 5 No. 1 (2017): MISES: Interdisciplinary Journal of Philosophy, Law and Economics, continuação de MISES: Revista Interdisciplinar de Filosofia, Direito e Economia a partir de janeiro de 2018; 83-98MISES: Interdisciplinary Journal of Philosophy, Law and Economics; Vol. 5 Núm. 1 (2017): MISES: Interdisciplinary Journal of Philosophy, Law and Economics, continuação de MISES: Revista Interdisciplinar de Filosofia, Direito e Economia a partir de janeiro de 2018; 83-98MISES: Interdisciplinary Journal of Philosophy, Law and Economics; v. 5 n. 1 (2017): MISES: Interdisciplinary Journal of Philosophy, Law and Economics, continuação de MISES: Revista Interdisciplinar de Filosofia, Direito e Economia a partir de janeiro de 2018; 83-982594-91872318-0811reponame:Misesinstname:Instituto Mises Brasilinstacron:IMBporhttps://revistamises.org.br/misesjournal/article/view/43/9Davidson, LauraBlock, Walterinfo:eu-repo/semantics/openAccess2019-06-08T02:31:15Zoai:ojs.emnuvens.com.br:article/43Revistahttps://revistamises.org.br/misesjournalPRIhttps://revistamises.org.br/misesjournal/oairevista@mises.org.br2594-91872318-0811opendoar:2019-06-08T02:31:15Mises - Instituto Mises Brasilfalse |
dc.title.none.fl_str_mv |
Bitcoin, The Regression Theorem, and the Emergence of a New Medium of Exchange Bitcoin, o teorema da regressão e a emergência de um novo meio de troca |
title |
Bitcoin, The Regression Theorem, and the Emergence of a New Medium of Exchange |
spellingShingle |
Bitcoin, The Regression Theorem, and the Emergence of a New Medium of Exchange Davidson, Laura dinheiro bitcoin teorema da regressão Mises money bitcoin regression theorem Mises |
title_short |
Bitcoin, The Regression Theorem, and the Emergence of a New Medium of Exchange |
title_full |
Bitcoin, The Regression Theorem, and the Emergence of a New Medium of Exchange |
title_fullStr |
Bitcoin, The Regression Theorem, and the Emergence of a New Medium of Exchange |
title_full_unstemmed |
Bitcoin, The Regression Theorem, and the Emergence of a New Medium of Exchange |
title_sort |
Bitcoin, The Regression Theorem, and the Emergence of a New Medium of Exchange |
author |
Davidson, Laura |
author_facet |
Davidson, Laura Block, Walter |
author_role |
author |
author2 |
Block, Walter |
author2_role |
author |
dc.contributor.author.fl_str_mv |
Davidson, Laura Block, Walter |
dc.subject.por.fl_str_mv |
dinheiro bitcoin teorema da regressão Mises money bitcoin regression theorem Mises |
topic |
dinheiro bitcoin teorema da regressão Mises money bitcoin regression theorem Mises |
description |
A recent controversy has brewed over whether or not the emergence of bitcoin, as a new medium of exchange, is in accordance with Mises’s regression theorem. The main question in the debate seems to be, is bitcoin valued in direct use? The present paper contends that with respect to the regression theorem, this issue has no bearing on bitcoin’s genesis, because it is relevant only when a new medium of exchange arises out of a pure barter economy. The debate is therefore predicated on a misinterpretation of the theorem. However, the issue of bitcoin’s direct-use value, if it has one, does have relevance in assessing the likelihood it will become a generally-accepted medium of exchange—i.e. money. |
publishDate |
2017 |
dc.date.none.fl_str_mv |
2017-12-09 |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
https://revistamises.org.br/misesjournal/article/view/43 10.30800/mises.2017.v5.43 |
url |
https://revistamises.org.br/misesjournal/article/view/43 |
identifier_str_mv |
10.30800/mises.2017.v5.43 |
dc.language.iso.fl_str_mv |
por |
language |
por |
dc.relation.none.fl_str_mv |
https://revistamises.org.br/misesjournal/article/view/43/9 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
Instituto Mises Brasil |
publisher.none.fl_str_mv |
Instituto Mises Brasil |
dc.source.none.fl_str_mv |
MISES: Interdisciplinary Journal of Philosophy, Law and Economics; Vol. 5 No. 1 (2017): MISES: Interdisciplinary Journal of Philosophy, Law and Economics, continuação de MISES: Revista Interdisciplinar de Filosofia, Direito e Economia a partir de janeiro de 2018; 83-98 MISES: Interdisciplinary Journal of Philosophy, Law and Economics; Vol. 5 Núm. 1 (2017): MISES: Interdisciplinary Journal of Philosophy, Law and Economics, continuação de MISES: Revista Interdisciplinar de Filosofia, Direito e Economia a partir de janeiro de 2018; 83-98 MISES: Interdisciplinary Journal of Philosophy, Law and Economics; v. 5 n. 1 (2017): MISES: Interdisciplinary Journal of Philosophy, Law and Economics, continuação de MISES: Revista Interdisciplinar de Filosofia, Direito e Economia a partir de janeiro de 2018; 83-98 2594-9187 2318-0811 reponame:Mises instname:Instituto Mises Brasil instacron:IMB |
instname_str |
Instituto Mises Brasil |
instacron_str |
IMB |
institution |
IMB |
reponame_str |
Mises |
collection |
Mises |
repository.name.fl_str_mv |
Mises - Instituto Mises Brasil |
repository.mail.fl_str_mv |
revista@mises.org.br |
_version_ |
1798313179771568128 |