Economics of bitcoin

Bitcoin was designed by its pseudonymous inventor, Satoshi Nakamoto, to work as a currency, but its status as a currency is disputed.[1] Economists define money as a store of value, a medium of exchange and a unit of account, and agree that bitcoin does not currently meet all these criteria.[2]

  1. ^ Joyner, April (25 April 2014). "How bitcoin is moving money in Africa". usatoday.com. USA Today. Retrieved 25 May 2014.
  2. ^ Cite error: The named reference econ315 was invoked but never defined (see the help page).