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Introduction to The Political Economy and Feasibility of Bitcoin and Cryptocurrencies

In: The Political Economy and Feasibility of Bitcoin and Cryptocurrencies

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Abstract

Some, especially of the older generation, agree with Roubini and others that "Crypto is the mother of all scams" and blockchain is "no better than a spreadsheet/database". Yet, if there is demand for a good, such as fine wines, or bitcoins, and its supply can be kept limited, then that good will have a positive price. As with Plato's ideal forms, bitcoins and cryptocurrencies may in some ways be more real and ideal than more earthly forms of money.

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  • ., 2022. "Introduction to The Political Economy and Feasibility of Bitcoin and Cryptocurrencies," Chapters, in: The Political Economy and Feasibility of Bitcoin and Cryptocurrencies, chapter 1, pages 2-4, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:21454_1
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    Economics and Finance;

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