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The issue of “true” money in front of the BitCoin's offensive

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  • Angela ROGOJANU

    (Bucharest University of Economic Studies, Romania)

  • Liana BADEA

    (Bucharest University of Economic Studies, Romania)

Abstract

The issue of money, beyond what is usually meant by the very words “money issue” was and still is a subject of interest for a heterogeneous public, going beyond time and being the subject of numerous studies and regulations since ancient time. Over centuries, the money had different forms, and the controversies surrounding them were numerous. Currently, one of the problems is related to the emergence and use of virtual money, seen from the perspective of private currency. The question that occurs frequently in the talks of several economists is related to the ability of virtual money to survive. History has shown that man has the capacity to find ways which can “avoid” prohibitions of various types, being able, even in the case of money to find alternatives to the official currency. Is the BitCoin that private currency which will have the longest life? And if so, how long it will run in parallel with the traditional currency? Based on these questions, this paper aims at presenting the main aspects of the BitCoin, starting from specialized literature and reaching the Romanian reality.

Suggested Citation

  • Angela ROGOJANU & Liana BADEA, 2015. "The issue of “true” money in front of the BitCoin's offensive," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(2(603), S), pages 77-90, Summer.
    • Handle: RePEc:agr:journl:v:xxii:y:2015:i:2(603):p:77-90
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    References listed on IDEAS

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    2. repec:ucp:bkecon:9780226320625 is not listed on IDEAS
    3. Pavel Ciaian & Miroslava Rajcaniova & d’Artis Kancs, 2016. "The economics of BitCoin price formation," Applied Economics, Taylor & Francis Journals, vol. 48(19), pages 1799-1815, April.
    4. Iwamura, Mitsuru & Kitamura, Yukinobu & 北村, 行伸 & Matsumoto, Tsutomu & Saito, Kenji, 2019. "Can We Stabilize the Price of a Cryptocurrency?: Understanding the Design of Bitcoin and Its Potential to Compete with Central Bank Money," Hitotsubashi Journal of Economics, Hitotsubashi University, vol. 60(1), pages 41-60, June.
    5. Angela ROGOJANU & Liana BADEA, 2014. "The issue of competing currencies. Case study – Bitcoin," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(1(590)), pages 103-114, January.
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