Bitcoins as Legal Tender, An Evaluation from an Economic Perspective
Language: English
Published by Verlag Dr. Kovac, Hamburg, 2017
- First Edition
- Softcover
- New
Seller: Verlag Dr. Kovac GmbH, Hamburg, GermanyVerlag Dr. Kovac GmbH
AbeBooks seller since January 24, 2011
Condition: New
£ 54.17
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Add to basketItem description from seller
- in englischer Sprache - Schriftenreihe volkswirtschaftliche Forschungsergebnisse, Band 221 96 pages. Until today Bitcoins are enjoying increasing popularity in the media and in reality. They are not regulated and only exist virtually. The maximum amount of Bitcoins in circulation is defined from the outset, so these Bitcoins are (in theory) inflation-proof. The exclusively digital nature of Bitcoins makes them divisible, so the restriction on the amount of coins in circulation does not conflict with its suitability as a global means of exchange. At the same time, transactions can be carried out rapidly, anonymously, worldwide and at virtually no cost. This all sounds positive and revolutionary. At present, it is the high volatility that makes the system attractive to speculators and players of dubious origin. Nevertheless, the path to mainstream use is being smoothed out: an increasing number of goods and services can be procured. The "gold rush? on the internet persuaded venture capital companies and hedge funds to get on board a long time ago, and the first Bitcoin ATMs are being set up (coinatmradar 2017). Accordingly, a number of governments have taken an in-depth look at this subject, including the American Congress (NY, FS Department Title 23 - Part 200 2014), because problems are arising along the entire value creation chain in dealings with Bitcoins. The purpose of this study is therefore to answer the following question: "Can Bitcoins be used as legal tender from an economic perspective"? The study shows that the central characteristics of Bitcoins are anonymity and a lack of central control. For individual users and internet-savvy people, Bitcoins can certainly mirror the characteristics of money to some extent. This is not true for the majority of people, however. There are certainly stark differences in relation to volatility and stability of value, which suggest that Bitcoins fail because of this essential characteristic of legal tender. Nonetheless, Bitcoins clearly show that state-regulated currencies can have disadvantages as well. While the future development of Bitcoins must be viewed critically, it can unarguably be stated that they have made an essential contribution to holding up government-regulated currencies to scrutiny.…
Seller Inventory # x9797
- Title
- Bitcoins as Legal Tender, An Evaluation from an Economic Perspective
- Author
- Jochen Kasper
- Publisher
- Verlag Dr. Kovac, Hamburg
- Publication year
- 2017
- Condition
- neu
- Binding
- Softcover
- Language
- English
- ISBN 10
- 3830097972
- ISBN 13
- 9783830097976
- Edition
- 1. Auflage.
"Synopsis" may belong to another edition of this title.
Verlag Dr. Kovac GmbH
Hamburg, Germany
AbeBooks seller since January 24, 2011
Shipping rates from Germany to U.S.A.
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Der Wissenschaftsverlag Dr. Kovač wurde 1982 gegründet und ist ein Fachverlag für wissenschaftliche Literatur. Seit mehr als 40 Jahren verlegen Wissenschaftler/innen aus unterschiedlichsten Fachbereichen bei uns. Das Gros der mehr als 12.400 Forscher/innen, die wir verlegen, stammt von Universitäten im deutschsprachigen Raum.
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