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Money, dequity, and the barter economy of the future

In: Understanding the Blockchain Economy

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Abstract

This chapter answers the question of whether cryptocurrencies are money. Blockchain tokens do not fit neatly into our categories of financial assets. The chapter asks whether, and how, money is a public good or emergent social institution, and then applies this to crypto-tokens. Money can be seen as ‘dequity’: a unique instrument with the features of both debt and equity. The chapter then considers the evolution of money in a world of a multiplicity of cryptocurrencies and other technologies – such as artificial intelligence – that allow for barter transactions to occur at a low cost.

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  • ., 2019. "Money, dequity, and the barter economy of the future," Chapters, in: Understanding the Blockchain Economy, chapter 5, pages 74-95, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:18636_5
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    File URL: https://www.elgaronline.com/view/9781788974998/chapter05.xhtml
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    Cited by:

    1. Kristoffer Mousten Hansen, 2021. "Are Free Market Fiduciary Media Possible? On the Nature of Money, Banking, and Money Production in the Free Market Order," Post-Print hal-03480292, HAL.

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