Download This PaperDigital Gold: The Case for Cryptocurrencies
26 Pages Posted: 8 Nov 2021
Date Written: August 15, 2021
Abstract
Cryptocurrencies have the potential to improve upon both commodity and fiat monies. I consider the rise of bitcoin and its underlying blockchain technology. I discuss obstacles to greater adoption and explain how some alt-coins have taken steps to resolve some problems with bitcoin. Finally, I discuss the prospects for cryptocurrency to promote sound money.
Keywords: bitcoin, cryptocurrency, money, monetary economics, payments
JEL Classification: e42, e51
Suggested Citation: Suggested Citation
Luther, William J., Digital Gold: The Case for Cryptocurrencies (August 15, 2021). AIER Sound Money Project Working Paper No. 2021-13, Available at SSRN: https://ssrn.com/abstract=3957518 or http://dx.doi.org/10.2139/ssrn.3957518
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