What is it about?
Michael Saylor and others in the Bitcoin community call Bitcoin "digital energy". But what is it? It's similar to the transferable information contained in a map or the information you have gathered that allows you to save time every day. Information economics helps us explain.
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Why is it important?
Of all the parts of economics and finance that are relevant to Bitcoin, information economics captures its essence.
Perspectives
Bitcoin is an information system. The price of a bitcoin communicates information that we can use, but which is never used up.
Dr Peter J Phillips
University of Southern Queensland
Read the Original
This page is a summary of: Bitcoin is Digital Energy, SSRN Electronic Journal, January 2022, Elsevier,
DOI: 10.2139/ssrn.4198698.
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