Why the Austrian opposition to Bitcoin? Value is subjective. The subjective theory of value is one of the basic discoveries of Austrian Economics. Every human being has their own value scale, and this enables voluntary, mutually consensual transactions to be win-win for every party involved. When two goods are voluntarily exchanged, both of the participants to the exchange value the good they are exchanging for higher than the good they are giving up.
Why aren't more libertarians using Bitcoin?
Why aren't more libertarians using Bitcoin?
Why aren't more libertarians using Bitcoin?
Why the Austrian opposition to Bitcoin? Value is subjective. The subjective theory of value is one of the basic discoveries of Austrian Economics. Every human being has their own value scale, and this enables voluntary, mutually consensual transactions to be win-win for every party involved. When two goods are voluntarily exchanged, both of the participants to the exchange value the good they are exchanging for higher than the good they are giving up.