Pre-inception and the Cypherpunk movement. We are quick to call Bitcoin the first of its kind and how it will change everything from the banking system to governance. Little do we know that Bitcoin is just an iteration that evolved from similar concepts that started to appear in the early…

In the following article I will briefly outline my view on why Bitcoin, a deflationary currency, could be a candidate for the next economics evolutionary step in monetary policy term. I am being very liberal with the assumptions and keeping the scope narrow on purpose. Keynesian view on monetary policy. …