Bitcoin: A Revolution?

25 Pages Posted: 8 Mar 2018 Last revised: 10 Jul 2018

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

Bank of Canada; New York University (NYU); CESifo (Center for Economic Studies and Ifo Institute)

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). Baruch College Zicklin School of Business Research Paper No. 2018-05-01. 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)

Bank of Canada ( email )

234 Wellington Street
Ontario, Ottawa K1A 0G9
Canada

New York University (NYU) ( email )

Bobst Library, E-resource Acquisitions
20 Cooper Square 3rd Floor
New York, NY 10003-711
United States

CESifo (Center for Economic Studies and Ifo Institute) ( email )

Munich
Germany

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