Opinion

What is Bitcoin?

Bitcoin is a so-called virtual currency that has been devised for anonymous payments made entirely independently of governments and banks. In recent years, Bitcoin has generated a great deal of attention on several fronts. Bitcoin payments are based on a new interesting technical solution and function differently to traditional payments. In certain payment situations, Bitcoin […]

Why Bitcoin Matters

An internet pioneer’s thoughts on the importance of bitcoin from an investor’s prospective.

The promise and perils of digital currencies

Interest in digital currencies, especially Bitcoin, has exploded over the past year. The cryptocurrency Bitcoin was created in 2009 by an anonymous entity operating under the pseudo- nym Satoshi Nakamoto. Using cryptographic primitives to create a digital currency is not particularly new David Chaum proposed electronic cash nearly thirty years ago. What is different about […]

Some Economics of Private Digital Currency

0 Comments

This paper reviews some recent developments in digital currency focusing on platform-sponsored currencies such as Facebook Credits. In a model of platform management, we find that it will not likely be profitable for such currencies to expand to become fully convertible competitors to state-sponsored currencies

Questions related to Bitcoin and other Informational Money

0 Comments

A collection of questions about Bitcoin and its hypothetical relatives Bitguilder and Bitpenny is formulated. These questions concern technical issues about protocols, security issues, issues about the formalizations of informational monies in various contexts, and issues about forms of use and misuse. Some questions are formulated in the more general setting of informational monies and […]

Network and Conversation Analyses of Bitcoin

The Bitcoin marketplace provides a unique opportunity for information and social scientists to explore familiar patterns in new light. Trade manias, also often referred to controversially as economic bubbles, have been widely discussed in political-economy. In this paper, we identify moments of transition from sharp increases to sharp drops in the price of Bitcoin and […]