Artikel

After the (virtual) gold rush: is Bitcoin more than a speculative bubble?

How promising is Bitcoin as a currency? This paper discusses four claims on the advantages of Bitcoin: a more stable currency than state-backed ones; a secure and efficient payment system; a credible alternative to the central management of money; and a better protection of transaction privacy. We discuss these arguments by relating them to their philosophical roots in libertarian and neoliberal theories, and assess whether Bitcoin can effectively meet these expectations. We conclude that despite its advocates' enthusiasm, there are good reasons to doubt that Bitcoin can fulfill its promises and act as a functioning currency, rather than as a mere speculative asset.

Sprache
Englisch

Erschienen in
Journal: Internet Policy Review ; ISSN: 2197-6775 ; Volume: 7 ; Year: 2018 ; Issue: 4 ; Pages: 1-22 ; Berlin: Alexander von Humboldt Institute for Internet and Society

Klassifikation
Sozialwissenschaften, Soziologie, Anthropologie
Thema
Bitcoin
Cryptocurrency
Social justice
Efficiency
Libertarianism

Ereignis
Geistige Schöpfung
(wer)
Lambrecht, Maxime
Larue, Louis
Ereignis
Veröffentlichung
(wer)
Alexander von Humboldt Institute for Internet and Society
(wo)
Berlin
(wann)
2018

DOI
doi:10.14763/2018.4.1353
Handle
Letzte Aktualisierung
10.03.2025, 11:46 MEZ

Datenpartner

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Objekttyp

  • Artikel

Beteiligte

  • Lambrecht, Maxime
  • Larue, Louis
  • Alexander von Humboldt Institute for Internet and Society

Entstanden

  • 2018

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