Bitcoin: A Revolution?

"Economic analysis of the digital revolution," J. Ganuza and G. Llobert, (eds)., FUNCAS, 2018

25 Pages Posted: 8 Mar 2018 Last revised: 10 May 2019

See all articles by Guillaume Haeringer

Guillaume Haeringer

City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance

Hanna Halaburda

New York University (NYU) - Leonard N. Stern School of Business

Date Written: March 6, 2018

Abstract

Bitcoin, a cryptocurrency invented in 2008 is both puzzling and inspiring. High volatility of its price is challenges financial analysts as well as scholars. We look at the incentive mechanisms that make Bitcoin work, and we discuss current and potential uses of Bitcoin and technologies inspired by it.

Keywords: Bitcoin,cryptocurrencies, blockchain, incentives, mining, ICO, smart contract

JEL Classification: D8, G2, O3, O33

Suggested Citation

Haeringer, Guillaume and Halaburda, Hanna, Bitcoin: A Revolution? (March 6, 2018). "Economic analysis of the digital revolution," J. Ganuza and G. Llobert, (eds)., FUNCAS, 2018. Available at SSRN: https://ssrn.com/abstract=3133346 or http://dx.doi.org/10.2139/ssrn.3133346

Guillaume Haeringer

City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance

17 Lexington Avenue
New York, NY 10010
United States

Hanna Halaburda (Contact Author)

New York University (NYU) - Leonard N. Stern School of Business ( email )

44 West 4th Street
New York, NY NY 10012
United States

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