[bisq-network/bisq-website] Add Manuel's blog post (#188)

[Steve Jain]

m52go commented on this pull request.



> +author: Manuel Polavieja
+excerpt: "Manuel posits that Bitcoin's value cannot be explained with a store-of-value approach. <br><br>"
+---
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+<hr>
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+_Manuel writes at juandemariana.org, is a perpetual student of monetary theory, and is a Bitcoin quasi-maximalist (he is almost there)._
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+_If you'd like to contribute a post, please reach out on [Slack](https://bisq.network/slack-invite)!_
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+<hr>
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+Since Bitcoin’s inception, there has been an endless debate about the explanation of its value. What backs Bitcoin? Does Bitcoin have intrinsic value? Why is Bitcoin demanded? To answer these questions many Bitcoin advocates refer to the principles established by the Austrian School of Economics concluding that Bitcoin’s main source of value is being a store of value. I believe this conclusion is the result of the toxic block size debate by which both sides of the debate wrongly narrowed the concept of a medium of exchange to money (cash). 
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+To make my position clear about the block size, I absolutely advocate for small blocks. I believe that running a Bitcoin full node should be as easy and affordable as possible so the system is not only decentralized but fully distributed where final users have full sovereignty over their Bitcoins. 
+Going back to the principles of the Austrian school, the most widely followed monetary theorist of this school, Ludwig Von Mises, developed the [Regression Theorem](https://wiki.mises.org/wiki/Regression_theorem) in his book titled [“The Theory of Money and Credit”](https://mises.org/library/theory-money-and-credit). The theorem states that for an economic good to be money it must primarily have other non-monetary uses before it can become money. Bitcoin does not fit this description. Some economists like [Block and Davidson](https://mises.org/library/bitcoin-regression-theorem-and-emergence-new-medium-exchange) have tried to reinterpret this theorem in order to shoehorn Bitcoin into it by claiming that the Regression Theorem applies only to barter economies and does not apply when there are already monetary prices. I don’t think that interpretation is correct and it is also incoherent in and of itself (see [Juan Ramón Rallo rebuttal](https://juanramonrallo.com/mises-y-block-se-equivocan-sobre-sus-teoremas-regresivos-del-dinero/)).

Correct.

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