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Maybe so, but that is what the profession does. Check any textbook of money and banking and you will find that the definition of money is by its functions. Money is what money does. Means of exchange, reserve value and unit of account. Not everything is money, so it is less useless than you would think.
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Yep. There are several quasi-money tokens around.
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Dave, the only thing I said about Austrians is that the view of inflation is loosely based on Austrian views. Don't believe that any serious Austrian economist is involved with bitcoins. I do believe that Austrians are wrong about inflation, but the post says nothing about that, hence your silogism is not a fair representation of what I said. What
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If it is used as a means of payments it does have functions of money.
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Not really half-truth. A very simple statement. People that created and use bitcoin say that it is the ideal (and perhaps the future) of money, because it is independent from political meddling. Nobody can go and print it like the Fed. And that is supposedly good because it precludes inflation. That is a testable hypothesis. It turns out that there