Is bitcoin a waste of resources? / by Stephen Williamson. [recurso electrónico]
Tipo de material:
ArtículoDetalles de publicación: St. Louis, MO : Federal Reserve Bank of St. Louis, 2018Descripción: 1 recurso en línea (9 p.)Tema(s): Recursos en línea:
En: Federal Reserve Bank of St. Louis Review v. 100, no. 2 (second quarte 2018), p. 107-115Resumen: Do Bitcoin and other cryptocurrencies play a useful social role, or do they represent a social waste? Bitcoin is a decentralized recordkeeping system, with updating of the record of transactions in the blockchain. Potentially, Bitcoin could be useful if it is widely used as a means of payment or as a safe-haven asset. But, given its properties, it is an inefficient and poorly designed means of payment and probably cannot survive as a safe haven asset. Bitcoin could encourage crime, which is a further social cost, but fortunately it may not serve criminals well either.
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Do Bitcoin and other cryptocurrencies play a useful social role, or do they represent a social waste? Bitcoin is a decentralized recordkeeping system, with updating of the record of transactions in the blockchain. Potentially, Bitcoin could be useful if it is widely used as a means of payment or as a safe-haven asset. But, given its properties, it is an inefficient and poorly designed means of payment and probably cannot survive as a safe haven asset. Bitcoin could encourage crime, which is a further social cost, but fortunately it may not serve criminals well either.
Asignatura: Economía monetaria - Licenciatura en Economía, plan 2009 (1er semestre)
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