The Bitcoin Project and the Free Market

Artikel

The human innovation in the field of monetary freedom takes shape in the virtual communities. Developed and implemented through a decentralized algorithm, the bitcoin project has so far proved itself a success in the field of virtual currency. Beyond the technical part of operation, in this paper we will analyse the theoretical principles underlying the bitcoin. This study shows that the bitcoin largely meets the role of natural money of gold and silver, in compliance to the free market’s behaviour. This allows us to observe the fact that people are aware of the negative implications the state’s intervention has in the monetary filed, thus deciding to create and use their own currency in online transactions.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: CES Working Papers ; ISSN: 2067-7693 ; Volume: 5 ; Year: 2013 ; Issue: 4 ; Pages: 529-534 ; Iasi: Alexandru Ioan Cuza University of Iasi, Centre for European Studies

Classification and Topics

• Classification: Wirtschaft ; Foreign Exchange
• Subject: bitcoin ; crypto-currency ; free market Romania

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Iavorschi, Mihaela
• Event: Veröffentlichung
• (who): Alexandru Ioan Cuza University of Iasi, Centre for European Studies
• (where): Iasi
• (when): 2013

Further information

• Handle: http://hdl.handle.net/10419/198271
• Last update: 10.03.2025, 11:41 AM CET