Bitcoin Myths and Facts-SSRN (Duke University – Fuqua School of Business ; National Bureau of Economic Research (NBER))

Bitcoin Myths and Facts-SSRN (Duke University – Fuqua School of Business ; National Bureau of Economic Research (NBER))

I will address eight common claims about bitcoin: 1. Physical bitcoins exist; 2. The founder of bitcoin is a person called Satoshi Nakamoto; 3. Bitcoin is mainly used for criminal ...

eCash in a Social Theory of Money: Bitcoin and Other Cryptocurrencies-SSRN Independent

eCash in a Social Theory of Money: Bitcoin and Other Cryptocurrencies-SSRN Independent

The success of the Bitcoin project challenges the academic eCash discourse of the last 30 years. In this paper, it is explained why some of Bitcoin’s fundamentals indeed contain ...

Hayek Money: The Cryptocurrency Price Stability Solution-SSRN (Milan Bicocca University – Department of Statistics and Quantitative Methods ; QuantLib ; Banca IMI – IntesaSanpaolo Group)

Hayek Money: The Cryptocurrency Price Stability Solution-SSRN (Milan Bicocca University – Department of Statistics and Quantitative Methods ; QuantLib ; Banca IMI – IntesaSanpaolo Group)

Bitcoin has enabled competition between digital cryptocurrencies and traditional legal tender fiat currencies. Despite rapidly increasing acceptance, so far the affirmation of ...

Inv/Sav Wallets and the Role of Financial Intermediaries in a Digital Currency-SSRN (Banca IMI; Bocconi University)

Inv/Sav Wallets and the Role of Financial Intermediaries in a Digital Currency-SSRN (Banca IMI; Bocconi University)

In order to evolve beyond bitcoins, which are still speculative, volatile and small in terms of market cap, cryptocurrencies need decentralized financial intermediaries.In ...

Cryptofinance-SSRN (Duke University – Fuqua School of Business ; National Bureau of Economic Research (NBER))

Cryptofinance-SSRN (Duke University – Fuqua School of Business ; National Bureau of Economic Research (NBER))

Cryptography is about communication in the presence of an adversary. Cryptofinance is the efficient exchange of ownership, the verification of ownership, as well as the ability to ...

Rethinking Virtual Currency Regulation in the Bitcoin Age-Washington Law Review, Forthcoming

Rethinking Virtual Currency Regulation in the Bitcoin Age-Washington Law Review, Forthcoming

This Article investigates an increasingly important yet under-developed body of law: regulation of virtual currency. At its peak in March of 2014, the daily volume of Bitcoin ...

The Economics of Bitcoin and Similar Private Digital Currencies-SSRN (Clemson University ; University of Carlos III ; Australian National University (ANU) – Centre for Applied Macroeconomic Analysis)

The Economics of Bitcoin and Similar Private Digital Currencies-SSRN (Clemson University ; University of Carlos III ; Australian National University (ANU) – Centre for Applied Macroeconomic Analysis)

Recent innovations have made it feasible to transfer private digital currency without the intervention of an institution. A digital currency must prevent users from spending their ...

The economics of digital currencies-Bank of England Quarterly Bulletin 2014 Q3

The economics of digital currencies-Bank of England Quarterly Bulletin 2014 Q3

Digital currencies represent both innovations in payment systems and a new form of currency. This article examines the economics of digital currencies and presents an initial ...

Bitcoin and the PPP Puzzle-SSRN (Deutsche Bundesbank; SAFE, Goethe University; London School of Economics & Political Science; Frankfurt School of Finance & Management)

Bitcoin and the PPP Puzzle-SSRN (Deutsche Bundesbank; SAFE, Goethe University; London School of Economics & Political Science; Frankfurt School of Finance & Management)

This paper approaches the PPP puzzle by using the Bitcoin/US Dollar exchange rate. The use of the virtual currency as macroeconomic laboratory allows us to remove frictions that ...

Bitcoin Markets-SSRN (University of Mannheim)

Bitcoin Markets-SSRN (University of Mannheim)

This paper analyzes the price formation and market microstructure of the Bitcoin. Bitcoin returns, volatility, turnover, liquidity, price efficiency, and price cointegration are ...