Wealth Distribution in the Bitcoin Ecosystem
| Autor: | I Il’Inskii Aleksandr, Mierzwa Zbigniew |
|---|---|
| Jazyk: | ruština |
| Rok vydání: | 2019 |
| Předmět: |
Index (economics)
inequality Inequality Financial economics media_common.quotation_subject Economics Econometrics and Finance (miscellaneous) bitcoin Distribution (economics) Development lamé curves Economic inequality Management of Technology and Innovation 0502 economics and business Economics 050207 economics Business and International Management Lorenz curve Economic bubble 050205 econometrics media_common Gini coefficient business.industry 05 social sciences Financial market gini coefficient distribution of wealth kolkata index HG1-9999 lorenz curve business Finance |
| Zdroj: | Финансы: теория и практика, Vol 23, Iss 2, Pp 6-16 (2019) |
| ISSN: | 2587-7089 2587-5671 |
| Popis: | The paper deals with the problems of measuring uneven wealth distribution in the bitcoin ecosystem. All existing bitcoin distribution models depend on the analysis of bitcoin wallets and bitcoin addresses. They are based on the Bitcoin Rich List. This approach is insufficient due to the inscrutable relationships between people owning bitcoin, bitcoin wallets, and bitcoin addresses. In this paper, we used the methods of comparative analysis resulted in graphics as represented by Lorentz and Lamé curves and distribution of the Gini coefficients and the Kolkata index. We identified empirical cumulative functions of wealth distribution and the number of addresses with positive balance during the bubble and after its explosion. Approximations of the distribution of ‘poor’ and ‘rich’ addresses have been obtained and compared with the other results from the cited literature. The general public views the equality of network members as synonymous with the equal distribution of wealth among them. Emerging financial bubbles, especially in the US financial markets, lead to an increase in income inequality. However, after a bubble explodes, the inequality falls to the initial level. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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