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Bitcoin Myths , misconceptions and misunderstandings
| Content Provider | Semantic Scholar |
|---|---|
| Copyright Year | 2018 |
| Abstract | Back in 1924, John Maynard Keynes postulated that a “master-economist must possess a rare combination of gifts. He must be mathematician, historian, statesman, philosopher – to some degree.” And this is certainly not sufficient to really understand bitcoin. A “master cryptocurrency economist” will need specialist knowledge about both software and hardware as well as blockchain technology. That is why traditional economists are finding it difficult to get a grasp on the bitcoin phenomenon. However, bitcoin supporters tend to oversimplify things, too. For example, some of them believe that bitcoin will become a regular means of payment in the long run and simply close their eyes to its disadvantages compared to traditional currencies and traditional banking. After all, many people are wary of using a global, decentralised technology which is outside traditional law. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | https://www.dbresearch.com/PROD/RPS_EN-PROD/PROD0000000000461636/Bitcoin:_Myths,_misconceptions_and_misunderstandin.PDF |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
