Bitcoin vs. sovereign money : : on the lure and limits of monetary reforms

Zusammenfassung: Although indispensable and in daily use, money and more specifically money creation in our two-layered fractional reserve banking system is still poorly recognized by social science at large. Its main features are outlined in order to identify (a) money’s double nature to be private and public at once and (b) inflation and speculative excess as two of its inherent dangers. Bitcoin and sovereign money are discussed as prominent examples of, on the one hand, private or libertarian and, on the other hand state-oriented or social-democratic monetary reforms, each intended to solve one of the two systemic problems our currency order. The new money’s respective advantages notwithstanding, it is shown that neither Bitcoin nor sovereign money can overcome money’s double nature or realize the dream of an eventually neutral money

Object Details

• Location: Deutsche Nationalbibliothek Frankfurt am Main
• Extent: Online-Ressource
• Language: Englisch

References and Relationships

• Bibliographic citation: Bitcoin vs. sovereign money ; volume:9 ; number:2 ; pages:8-21 ; Behemoth ; 9, Heft 2, 8-21

Classification and Topics

• Keyword: Bitcoin

Contributors, Places and Time

• Creator: Paul, Axel T.
• Contributor: Albert-Ludwigs-Universität Freiburg

Further information

• DOI: 10.6094/behemoth.2016.9.2.912
• URN: urn:nbn:de:bsz:25-freidok-115202
• Rights: Der Zugriff auf das Objekt ist unbeschränkt möglich.
• Last update: 14.08.2025, 10:57 AM CEST