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There are a limited number of bitcoins and Satoshi started out as a monopolist of them... so Coase expects them to get sold at the marginal cost? There are a l
by gregw2 2mo ago
There are a limited number of bitcoins and Satoshi started out as a monopolist of them... so Coase expects them to get sold at the marginal cost?
There are a limited number of iPhones....?
Do either of those examples shed light on where Coase went wrong that agree or disagree with the authors?
- fsckboy 2mo agobitcoins are sold at marginal cost, that's how much miners are willing to spend to mine them.