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Blockchain technologies hold the key to building an inclusive global digital economy that is auditably secure and … economy, undermining public trust in international economic institutions, and pushing the most cutting-edge blockchain …
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We propose a model which uses the Bitcoin/US dollar exchange rate to predict the computing power of the Bitcoin network. We show that free entry places an upper-bound on mining revenues and we devise a structural framework to measure its value. Calibrating the model's parameters allows us to...
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