The Economics of Cryptocurrencies – Bitcoin and Beyond

Ads By Google Jonathan Chiu†    Bank of Canada Thorsten V. Koeppl‡. Queen’s University First version: March, 2017 This version: September, 2018 Abstract How well can a cryptocurrency serve as a means of payment? We study the optimal design of  cryptocurrencies and assess quantitatively how well similar currencies can support bilateral trade.   The challenge for […]