Can Bitcoin Compete with Money?
Journal of Peer Production 4(2014)
6 Pages Posted: 21 Aug 2014
Date Written: October 20, 2013
Bitcoin has portrayed itself as an alternative monetary system. For some it is meant to serve a parallel online p2p economy. For others it even poses a challenge to the established monetary system. We concentrate on the claim for Bitcoin as a possible replacement of established money and derive implications about the possible coexistence of both later.
Keywords: bitcoin, crypto-currency, currency competition, money, payment system, monetary theory
JEL Classification: E40, E42, E49
Suggested Citation: Suggested Citation