That's just straightforwardly incorrect. I suspect some kind of aprioristic reasoning error. If Amazon accepted BSV, it would obviously be a massive win and cause the price and utility to immediately jump up.
And "the masses" can just buy BSV with fiat...
No that is correct. That is the austrian theory of money.
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1Abd9yJS6mrzMmj1Ni6kjQB9GqtyaNujrm VerifiedThere is no one Austrian theory of money. If you think this is Rothbard's interpretation (which I'd disagree with), then he's got his own flavor of monetary theory that other Austrians disagree with.
Rothbard was just following Mises.
And many Austrians think Rothbard is worse on money than Mises. I tend to agree, but it's been a while since I've read him. I know he abuses apriorism, like Hoppe afterwards.
Regardless, Mises-Rothbard is only one sect of Austrian monetary theory.
Is money a present good?