Ludwig von Mises stated a medium of exchange is established by first acting as a valued commodity in society. Mises would argue bitcoin’s not money. However, today’s consumer proves bitcoin is money and it’s growing in use. get bitcoin http://xapo.com/r/9S9ERLR
Dr Robert P. Murphy is an Associated Scholar with the Mises Institute and a researcher at the Free Market Institute at Texas Tech University. He is president of Consulting by RPM, Inc., runs the blog Free Advice, and is a Research Fellow at the Independent Institute. He was a Mises Fellow and received his PhD in economics from New York University.
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