After the (virtual) gold rush: is Bitcoin more than a speculative bubble?
| Autor: | Louis Larue, Maxime Lambrecht |
|---|---|
| Přispěvatelé: | Dubois (Frédéric) |
| Jazyk: | angličtina |
| Rok vydání: | 2018 |
| Předmět: |
Cryptocurrency
Internet Policy Computer Networks and Communications Payment system Social Sciences ComputerApplications_COMPUTERSINOTHERSYSTEMS Efficiency Management Monitoring Policy and Law Commerce communications & transportation 0502 economics and business Economics lcsh:Information theory Asset (economics) 050207 economics Gold rush Economic bubble Law and economics Libertarianism 050208 finance business.industry Communication 05 social sciences lcsh:Q300-390 lcsh:Q350-390 ddc:380 Computer science knowledge & systems Currency ddc:340 ddc:000 ddc:300 business Social justice lcsh:Cybernetics Database transaction Bitcoin |
| Zdroj: | Internet Policy Review, Vol Volume 7, Iss Issue 4 (2018) |
| ISSN: | 2197-6775 |
| Popis: | How promising is Bitcoin as a currency? This paper discusses four claims on the advantages of Bitcoin: a more stable currency than state-backed ones; a secure and efficient payment system; a credible alternative to the central management of money; and a better protection of transaction privacy. We discuss these arguments by relating them to their philosophical roots in libertarian and neoliberal theories, and assess whether Bitcoin can effectively meet these expectations. We conclude that despite its advocates’ enthusiasm, there are good reasons to doubt that Bitcoin can fulfill its promises and act as a functioning currency, rather than as a mere speculative asset. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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