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The aim of this research is to explore the econometric features of Bitcoin-USD rates. Various non-Gaussian models are fitted to daily returns in order to underline the unique characteristics of Bitcoin when compared to other more traditional currencies. Market efficiency hypothesis is tested...
Persistent link: https://www.econbiz.de/10012921289
The aim of this research is to explore the econometric features of Bitcoin-USD rates. Various non-Gaussian models are fitted to daily returns in order to underline the unique characteristics of Bitcoin when compared to other more traditional currencies. Market efficiency hypothesis is tested...
Persistent link: https://www.econbiz.de/10012922682
Concluding thoughts and outlook for the future of the technology. For Chapter 1 (Introduction), see "https://ssrn.com/abstract=3135021" https://ssrn.com/abstract=3135021. For Chapter 2 (Means of Exchange: Ever-present Competition), "https://ssrn.com/abstract=3135028"...
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.5. Competition against other crypto-currencies 4.6. Non-currency use of blockchain technology 4.7. Trading cryptocurrencies 4.8. How …
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Bitcoin, a decentralised cryptocurrency system conceived by a mysterious person or group of people using the pseudonym “Satoshi Nakamoto,” promises to revolutionise the way that we think about money and the transfer of value in general. After a quiet launch in 2009, it has evolved several...
Persistent link: https://www.econbiz.de/10012931113
The standing of a currency is measured by how sound it serves three main purposes, viz.:i) measurement of economic … value (for which a currency has to be fungible, divisible & countable), ii) medium of exchange (accepted as legal tender by … buyers and sellers) and,iii) store of value (feel secure with its buying power). So, broadly, the currency can be in any one …
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