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Bitcoin has the potential to replace all existing payment systems to become the world's primary infrastructure for …
Persistent link: https://www.econbiz.de/10012944141
Blockchain technology allows the creation of distributed ledgers. These distribute control among the players rather than requiring a centralised database, and so can reduce costs and speed up transactions. However, when it is used for assets which exist outside the blockchain itself, an...
Persistent link: https://www.econbiz.de/10012944942
The notion of a global currency is a debate set aside in the past decade as the abstraction saw little potential for … realization in a world with heterogeneous governments unwilling to sacrifice seigniorage for optimal design. The technical … practical design and implementation. We discuss the characteristics of an ideal global currency and consider empirically the …
Persistent link: https://www.econbiz.de/10012946126
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central banks not to ignore “winds of change” and consider looking into the case of central bank digital currency …
Persistent link: https://www.econbiz.de/10012823049
This dissertation discusses the market efficiency by analyzing the relationship between the market price of bitcoin spot and the market price of bitcoin futures. The empirical findings of this paper validate the hypothesis that the bitcoin market is valid. Firstly, there is a cointegration...
Persistent link: https://www.econbiz.de/10012867797
modern payment systems and regulation, currency stability issues, and the possible threat to financial order posed by virtual …
Persistent link: https://www.econbiz.de/10012970054
crypto-currency become increasingly popular and tax accounting guidance begin to appear in 2014. Designed as a decentralized … currency, Bitcoin will not become a reporting currency and will instead complement fiat money. We argue that the accounting … reporting entity: trading firms recognize Bitcoin like a foreign currency and measure the revenue, or expense, at the equivalent …
Persistent link: https://www.econbiz.de/10012971802
be viable; 8. Bitcoin is just another currency.For additional details beyond "Bitcoin Myths and Facts," I have another …
Persistent link: https://www.econbiz.de/10012972898
During 2013, the U.S. Treasury Department evoked the first use of the 2001 Patriot Act to exclude virtual currency …
Persistent link: https://www.econbiz.de/10012973517