Bitcoin has received much attention in the media and by investors in recent years, although there remains scepticism and a lack of understanding of this cryptocurrency. We add to the literature on Bitcoin by studying the market efficiency of Bitcoin. Through a battery of robust tests, evidence...

Due to counterparty risks, some Bitcoin trading platforms allow users to rate the level of trust they have in others. We examine users' feedback behaviour on two Bitcoin trading platforms and provide statistically strong evidence that the feedback behaviour of Bitcoin users is dependent on how...

We explore the economics and optimal design of "permissioned" distributed ledger technology (DLT) in a credit economy. Designated validators verify transactions and update the ledger at a cost that is derived from a supermajority voting rule, thus giving rise to a public good provision game....