Bitcoin vs. Economy 101

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Every Intro to Macroeconomics course defines money and describes the functions, types, and characteristics of money.  Large stone wheels, tea bricks, cheese, shells, dog teeth and countless other items have been used for money.  The use of money leads to a more efficient allocation of resources and eliminates barter and the double-coincidence of wants.  Almost

The post Bitcoin vs. Economy 101 appeared first on CCN

Mark Kirker