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={M. Iwamura and Y. Kitamura and T. 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… Expand
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