Can Bitcoin Compete with Money?

Journal of Peer Production 4(2014)

6 Pages Posted: 21 Aug 2014

See all articles by Beat Weber

Beat Weber

Oesterreichische Nationalbank (OeNB)

Date Written: October 20, 2013

Abstract

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

Weber, Beat, Can Bitcoin Compete with Money? (October 20, 2013). Journal of Peer Production 4(2014). Available at SSRN: https://ssrn.com/abstract=2483867

Beat Weber (Contact Author)

Oesterreichische Nationalbank (OeNB) ( email )

Otto-Wagner-Platz 3, PO Box 61
Vienna,
1010 Vienna, A-1011
Austria

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