The issue of competing currencies. Case study – Bitcoin
The complexity and interdependence of the economies of various geographical and political entities have one generic binder - money. The economic history of the last century, replicated in the first decade of our century, can be “written” with money. Indeed, money, a multiple discovery of the civiliz...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
General Association of Economists from Romania
2014-01-01
|
| Series: | Theoretical and Applied Economics |
| Subjects: | |
| Online Access: |
http://store.ectap.ro/articole/946.pdf
|
| Summary: | The complexity and interdependence of the economies of various geographical
and political entities have one generic binder - money. The economic history of the last
century, replicated in the first decade of our century, can be “written” with money.
Indeed, money, a multiple discovery of the civilization in its historical way, was and still
is the guardian of hope for prosperity. The disputes about money clearly indicate the
need, opportunity and the possibility of monetary competition, which would provide, from
the point of view of entrepreneurs, the most suitable production of money based on
expectations of their economic preferences. Increasingly more, theorists, practitioners
and analysts bring to the fore the issue of simultaneously using the official currency and
the digital one. Thus, the issue of the public debate regarding the private money is still of
interest. Based on these considerations, this paper aims to highlight how the digital
currency Bitcoin can meet the challenges of the economic environment, taking into
account both the opportunities and the threats to which it is subject, and the records
emphasized by the history of economic thought and adapted to the current reality. |
|---|---|
| ISSN: | 1841-8678 1844-0029 |