THE ECONOMICS OF THE BITCOIN SYSTEM
THE ECONOMICS OF THE BITCOIN SYSTEM
Author(s): Gheorghe H. PopescuSubject(s): Supranational / Global Economy, Management and complex organizations, Financial Markets, ICT Information and Communications Technologies
Published by: Addleton Academic Publishers
Keywords: Bitcoin; system; economy; exchange; payment; market
Summary/Abstract: The objective of this paper is to emphasize Bitcoin’s fluctuating value, the pseudoanonymous nature of Bitcoin payments, Bitcoin’s ability to serve as regulation-free virtual cash, and the risk regimes operational in the Bitcoin ecosystem. The mainstay of the paper is formed by an analysis of Bitcoin’s flexibility, the pseudonymous nature of Bitcoin, the potential sustainability of Bitcoin, and the distribution of computing power in Bitcoin.
Journal: Psychosociological Issues in Human Resource Management
- Issue Year: 2/2014
- Issue No: 1
- Page Range: 57-62
- Page Count: 6
- Language: English
- Content File-PDF