The False Premises and Promises of Bitcoin
نویسنده
چکیده
Designed to compete with fiat currencies, bitcoin proposes it is a crypto-currency alternative. Bitcoin makes a number of false claims, including: bitcoin can be a reserve currency for banking; hoarding equals saving; and that we should believe bitcoin can expand by deflation to become a global transactional currency supply. Bitcoin’s developers combine technical implementation proficiency with ignorance of currency and banking fundamentals. JEL: E21, E22, E42, E51, G21, G29, G28
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ورودعنوان ژورنال:
- CoRR
دوره abs/1312.2048 شماره
صفحات -
تاریخ انتشار 2013