Can we stabilize the price of a cryptocurrency? Understanding the design of bitcoin and its potential to compete with central bank money

Mitsuru Iwamura, Yukinobu Kitamura, Tsutomu Matsumoto, Kenji Saito

研究成果: Article

4 引用 (Scopus)

抜粋

Although Bitcoin was designed as a payment vehicle and as a store of value, it seems unlikely that currencies provided by central banks are at risk of being replaced, primarily because of the market price instability of Bitcoin. We diagnose the instability as being a symptom of the lack of flexibility in the Bitcoin supply schedule - a predetermined algorithm

元の言語English
ページ(範囲)41-60
ページ数20
ジャーナルHitotsubashi Journal of Economics
60
発行部数1
DOI
出版物ステータスPublished - 2019 1 1

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ASJC Scopus subject areas

  • Business, Management and Accounting(all)
  • Economics and Econometrics

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