Is Bitcoin a Real Currency? An Economic Appraisal

#Cryptocurrency: The NOW and FUTURE of #RealEstate (#Bitcoin) Why Blockchain Poses an 'Existential Threat' to Commercial Banks  NYU Professor of Finance World Bank Whistleblower talks Bitcoin & End of the Federal Reserve System - Karen Hudes 019 How To Use Bitcoin CIFR SEMINAR - BLOCKCHAINS AND THE FUTURE OF FINANCE , Sydney 4 August 2016

Is Bitcoin a Real Currency? An economic appraisal David Yermack NBER Working Paper No. 19747 December 2013, Revised April 2014 JEL No. E42,G23 ABSTRACT A bona fide currency functions as a medium of exchange, a store of value, and a unit of account, but bitcoin largely fails to satisfy these criteria. Bitcoin has achieved only scant consumer David Yermack archive page February 18, 2014 Bitcoin became a sensation in 2013, when the value of a single unit of the virtual currency rose from $13 to more than $1,000 and people began to use The Potential of Digital Currency and Blockchains David Yermack David Bitcoin as a Currency open source computer code, and transactions are validated by a system of double-key cryptography and are entered into a decentralized, widely distributed ledger through a periodic competition known as mining. Since the first use of bitcoin to pay Is Bitcoin a Real Currency? David Yermack * Department of Finance New York University Stern School of Business December 1, 2013 Abstract: Motivated by Bitcoin’s rapid appreciation in recent weeks, I examine its historical trading behavior to see whether it behaves like a traditional sovereign currency. 2.1. Introduction. Bitcoin became a fixture in world financial news in late 2013 and early 2014. The “virtual currency” had been launched 5 years earlier by computer hobbyists, and in late 2013, the US dollar exchange rate for one bitcoin rose more than fivefold in the space of a few weeks.

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#Cryptocurrency: The NOW and FUTURE of #RealEstate (#Bitcoin)

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