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conflict between the blockchain designer and validators with monopoly power in choosing between price-setting and quantity … results help account for differences between the fee policy designs of Bitcoin and Ethereum, the leading blockchains, and have …
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This paper provides background to the upcoming EU regulation on Markets in Crypto-Assets (MiCA). The first step to regulate crypto-assets at EU level was taken by including virtual currencies in the revision of the Anti-Money Laundering Directive (5AMLD) which came into force 2018. Initial coin...
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The purpose of this study is to analyze the contents of cryptocurrency value design based on adaptability to the … current market. It is also intended to provide a method of issuing cryptocurrency before its creation, and an operation method … afterwards. Activities before the creation of cryptocurrency must determine desirable behaviors and rewards to create value, and …
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This essay makes the case that current debates about the ‘moneyness’ of Bitcoin and other cryptocurrencies are … with national fiat currencies, I argue that, instead, each cryptocurrency represents its own self-contained "money …-world". Put differently, a cryptocurrency is the uniquely specified unit of account and medium of exchange within the socio …
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