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5 - Regional Money

Published online by Cambridge University Press:  28 April 2018

Beat Weber
Beat Weber
Affiliation:
Oesterreichische Nationalbank
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Summary

Behind Bitcoin, there is an innovative technical design that claims to provide the equivalent of a currency and a payment system online. Its supply limited like gold, and its participation requirements provide for anonymity close to cash. Among users who strongly value such features, Bitcoin has found a niche in the markets for currencies and payments. Beyond those niches, Bitcoin’s design is unable to provide input and output legitimacy comparable to official currencies.
Type
Chapter
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Democratizing Money?
Debating Legitimacy in Monetary Reform Proposals
 , pp. 136 - 159
Publisher: Cambridge University Press
Print publication year: 2018

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  • Regional Money
  • Beat Weber
  • Book: Democratizing Money?
  • Online publication: 28 April 2018
  • Chapter DOI: https://doi.org/10.1017/9781108164399.006
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  • Regional Money
  • Beat Weber
  • Book: Democratizing Money?
  • Online publication: 28 April 2018
  • Chapter DOI: https://doi.org/10.1017/9781108164399.006
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Regional Money
  • Beat Weber
  • Book: Democratizing Money?
  • Online publication: 28 April 2018
  • Chapter DOI: https://doi.org/10.1017/9781108164399.006
Available formats
×