• Corpus ID: 16268063

Bitcoin & Gresham ' s Law-the economic inevitability of Collapse

  title={Bitcoin \& Gresham ' s Law-the economic inevitability of Collapse},
  author={Philipp G{\"u}ring and Ian Grigg},
The Bitcoin economy exhibits remarkable and predictable stability on the supply side based on the power costs of mining. However, that stability is challenged if cost-curve assumption is not solely expressed by the fair cost of power. As there is at least one major player, the botnets, that can operate at a power-cost-curve of zero, the result is a breach of Gresham's Law: stolen electricity will drive out honest mining. This has unfortunate effects for the stability of the Bitcoin economy, and… 
Regulating The Bitcoin Ecosystem
Bitcoin is a peer to peer decentralized virtual currency, released online through a research paper in 2008 by the unknown Satoshi Nakamoto . Around the world, many countries have cautiously taken
Hardening Bitcoin against off-topic data inclusion attacks
This thesis provides a solution to the problem of illegal data inclusions within the blockchain, a data structure that cannot easily be changed and that has to be transmitted to participants of Bitcoin.
BotcoinTrap: Detection of Bitcoin Miner Botnet Using Host Based Approach
  • A. Zareh
  • Computer Science
    2018 15th International ISC (Iranian Society of Cryptology) Conference on Information Security and Cryptology (ISCISC)
  • 2018
This paper presents Botcointrap, a novel approach to identify Bitcoin miner botnets (called Botcoin) based on dynamic analysis of executable binary files that benefits from a parameter value that all Botcoins must use across their computations and detect them in the lowest level of execution.
New Private Monies: A Bit-Part Player?
A private money is a widely accepted medium of exchange or payment issued by a non-governmental body in the absence of any legal privileges. Private monies do not have to be generally acceptable;


The Ricardian contract
  • I. Grigg
  • Economics
    Proceedings. First IEEE International Workshop on Electronic Contracting, 2004.
  • 2004
Describing digital value for payment systems is not a trivial task. Simplistic methods of using numbers or country codes to describe currencies, and ticker tape symbols to issue bonds, shares, and
The institutional features of models of unregulated monetary systems have often been arbitrarily and implausibly assumed. This pap er instead provides realistic grounding for important features by
Democracy, Dictatorship, and Development: Economic Development in Selected Regimes of the Third World.
Part 1 Analytical focus: regimes and development - the arguments in detail the basic concepts of the analysis the framework of the analysis values and ethnocentrism hypotheses and questions for the
Electric power monthly
Bullion and Bandits: The Improbable Rise and Fall of E-Gold
  • Bullion and Bandits: The Improbable Rise and Fall of E-Gold
  • 2009
S Nakamoto , " A Peer - to - Peer electronic Cash System . " 2009 . Bitcoin . org . EIA 1 : U . S . Energy Information Administration , Electric Power Monthly
  • 1993