Is Bitcoin the Only Cryptocurrency in the Town? Economics of Cryptocurrency And Friedrich A. Hayek

@article{Iwamura2014IsBT,
  title={Is Bitcoin the Only Cryptocurrency in the Town? Economics of Cryptocurrency And Friedrich A. Hayek},
  author={Mitsuru Iwamura and Yukinobu Kitamura and Tsutomu Matsumoto},
  journal={Economics of Innovation eJournal},
  year={2014}
}
This paper overviews the entire landscape of Bitcoin-like cryptocurrencies. Bitcoin has not emerged out of cryptocurrency competition, but rather became a dominant currency as the first broad market based cryptocurrency. But there are more than a hundred of cryptocurrencies in the market, and some are catching up to Bitcoin. This is a healthy sign of currency competition a la Hayek. Through this competition new technological and security innovations may emerge. In this paper, we point out… 
Understanding Cryptocurrencies
TLDR
This work provides some insights into the mechanics of cryptocurrencies, describing summary statistics and focusing on potential future research avenues in financial economics.
Cryptocurrencies as an Alternative Asset Class
TLDR
The results indicate that cryptocurrencies provide large return potentials with high levels of volatility but compared to traditional asset classes provide a higher level of return per level of risk.
Paper 2018-44 Understanding Cryptocurrencies
TLDR
This work provides some insights into the mechanics of cryptocurrencies, describing summary statistics and focusing on potential future research avenues in financial economics.
Financial Regulation & Digital Money: How Russia Dips Its Toes into the Waters of Cryptocurrency
Abstract Digital technologies are opening new opportunities for business. The article is devoted to the analysis of the legal nature of the cryptocurrency as an object of financial and legal
Bitcoin ecology: Quantifying and modelling the long-term dynamics of the cryptocurrency market
TLDR
The history of the entire market is considered and the so-called neutral model of evolution is shown to reproduce a number of key empirical observations, despite its simplicity and the assumption of no selective advantage of one cryptocurrency over another.
, Corporate Social Responsibility : A Qualitative Analysis on the Strategy Formulation Process
TLDR
The results indicate that cryptocurrencies provide large return potentials with high levels of volatility but compared to traditional asset classes provide a higher level of return per level of risk.
Buy/Hold/Trade or Sell/Divest/Disengage
  • Computer Science
    Advances in Social Networking and Online Communities
  • 2019
TLDR
This work explores three hypotheses around social messaging, the general membership of the target electronic hive mind, and mass virtual executive functioning and discovers a mind hyped on seductive promise around cryptocurrencies.
A Novel Cryptocurrency Price Prediction Model Using GRU, LSTM and bi-LSTM Machine Learning Algorithms
TLDR
Three types of recurrent neural network (RNN) algorithms used to predict the prices of three types of cryptocurrencies, namely Bitcoin (BTC), Litecoin (LTC), and Ethereum (ETH), show excellent predictions depending on the mean absolute percentage error (MAPE).
Anticipating Cryptocurrency Prices Using Machine Learning
TLDR
It is shown that simple trading strategies assisted by state-of-the-art machine learning algorithms outperform standard benchmarks and can help anticipate the short-term evolution of the cryptocurrency market.
The Effect of Generic Strategies on Software Ecosystem Health: The Case of Cryptocurrency Ecosystems
TLDR
This research aims to fill the gap by combining the Open Source Ecosystem Health Operationalization (OSEHO) and generic strategies and suggests that the generic strategy Focused Differentiation has the biggest positive impact on ecosystem health.
...
1
2
...

References

SHOWING 1-10 OF 11 REFERENCES
Zerocoin: Anonymous Distributed E-Cash from Bitcoin
TLDR
Zerocoin is proposed, a cryptographic extension to Bitcoin that augments the protocol to allow for fully anonymous currency transactions and uses standard cryptographic assumptions and does not introduce new trusted parties or otherwise change the security model of Bitcoin.
Bitter to Better - How to Make Bitcoin a Better Currency
TLDR
An in-depth investigation is performed to understand what made Bitcoin so successful, while decades of research on cryptographic e-cash has not lead to a large-scale deployment.
Majority Is Not Enough: Bitcoin Mining Is Vulnerable
TLDR
The Bitcoin cryptocurrency records its transactions in a public log called the blockchain, and conventional wisdom asserts that the mining protocol is incentive-compatible and secure against colluding minority groups.
Hashcash - A Denial of Service Counter-Measure
TLDR
This paper captures in one place the various applications, improvements suggested and related subsequent publications, and describes initial experience from experiments using hashcash.
Currency Competition: A Partial Vindication of Hayek
This paper establishes the existence of equilibria for environments in which outside money is issued competitively. Such equilibria are typically believed not to exist because of a classic overissue
Gresham's Law versus Currency Competition'
We develop a dual currency search model where agents can hold currency portfolios to buy goods, and analyze an agent’s choice to spend safe dollars or risky home currency for internal trade. We focus
A Program for Monetary Stability.
"[T]he only really sure way to beat inflation is to cut off inflation at the root. . . Milton Friedman [presents his strategy against] inflation in his penetrating . . . book . . . This is
The Strategy of Conflict
I. Elements of a Theory of Strategy 1. The Retarded Science of International Strategy 2. An Essay on Bargaining 3. Bargaining, Communication, and Limited War II. A Reorientation of Game Theory 4.
Dynamic Asset Pricing Theory
"Dynamic Asset Pricing Theory" is a textbook for doctoral students and researchers on the theory of asset pricing and portfolio selection in multiperiod settings under uncertainty. The asset pricing
...
1
2
...