TY  - SER
AU  - Williamson,Stephen
TI  - Is bitcoin a waste of resources?
PY  - 2018///
CY  - St. Louis, MO
PB  - Federal Reserve Bank of St. Louis
KW  - CRIPTOMONEDA
N1  - Asignatura: Economía monetaria - Licenciatura en Economía, plan 2009 (1er semestre)
N2  - 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.
UR  - https://research.stlouisfed.org/publications/review/2018/02/13/is-bitcoin-a-waste-of-resources
ER  -