Is Bitcoin Money? An Economic-Historical Analysis of Money, Its Functions and Its Prerequisites

Bitcoin as Money ?

The spectacular rise late last year in the price of bitcoin, the dominant virtual currency, has attracted much public attention as well as scholarly interest. This policy brief discusses how some features of bitcoin, as designed and executed to date, have hampered its ability to perform the functions required of a fiat money––as a medium of exchange, unit of account, and store of value. Further...

Money in Economic Analysis

Trust: Economic Notions and its role in Money and Banking

......................................................................................................................... 2 Trust: Economic Notions and its role in Money and Banking – An Introduction ....... 11 Realism .................................................................................................................... 12 Open Systems and Closed systems .............................

Bitcoin and Secure Computation with Money

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Bitcoin: a Money-like Informational Commodity

The question “what is Bitcoin” allows for many answers depending on the objectives aimed at when providing such answers. The question addressed in this paper is to determine a top-level classification, or type, for Bitcoin. We will classify Bitcoin as a system of type money-like informational commodity (MLIC).