Is Bitcoin a Real Currency? An Economic Appraisal ...

Bitcoin lacks most of the features economists value in a currency, says David Yermack (professor at the New York University Stern School of Business and director of the NYU Pollack Center for Law and Business.) ~ MIT Technology Review

Bitcoin lacks most of the features economists value in a currency, says David Yermack (professor at the New York University Stern School of Business and director of the NYU Pollack Center for Law and Business.) ~ MIT Technology Review submitted by kkoolook to Bitcoin [link] [comments]

Your Daily Crypto-News Recap: 97 of Top 100 Cryptocurrencies in the Green as Total Crypto Market Cap Adds $20 billion in 2 Days


https://www.ccn.com/candidate-receives-first-ever-bitcoin-donation-to-a-political-campaign-in-taiwan/ https://www.newsbtc.com/2018/09/21/nyu-professor-us-regulators-compete-for-crypto-turf-control-impractical/ https://cointelegraph.com/news/bitcoin-seller-fatigue-means-market-has-bottomed-michael-novogratz-tells-yahoo https://btcmanager.com/altonomy-cryptoasset-management-firm-launches-sell-side-otc-trading-desk/ https://www.ccn.com/california-watchdog-bans-bitcoin-donations-in-political-campaigns/ https://cointelegraph.com/news/crypto-payment-gateway-supports-largest-global-meditation-waives-fees-for-users-who-help https://cointelegraph.com/news/streaming-platform-for-gamers-starts-public-beta-testing-of-its-own-blockchain https://www.ccn.com/blockchain-for-35-million-users-koreas-biggest-insurance-firm-sk-partners-with-icon/ https://www.ccn.com/sec-director-vows-more-substantial-enforcement-against-illegal-icos/ https://cointelegraph.com/news/us-sec-asks-for-further-comment-regarding-vaneck-bitcoin-etf https://bitcoinist.com/bitcoin-etf-delayed-comments/ https://www.ccn.com/binance-coinbase-on-hiring-spree-despite-bear-market-sign-of-rapid-growth/ https://www.coindesk.com/venezuela-to-adopt-controversial-petro-token-in-global-trade/
submitted by QuantalyticsResearch to CryptoCurrency [link] [comments]

David Yermack on whether Bitcoin is a real currency Bitcoin, Maximalism, Altcoins and the Crypto Market with Tone Vays Why Bitcoin is a Right Bitcoin price Manipulation : cause of the bitcoin collapse, Cryptocurrency collapse David Yermack on Blockchains

See all articles by David Yermack David Yermack. New York University (NYU) - Stern School of Business. Date Written: April 1, 2014. Abstract A bona fide currency functions as a medium of exchange, a store of value, and a unit of account, but bitcoin largely fails to satisfy these criteria. Bitcoin has achieved only scant consumer transaction volume, with an average well below one daily ... Professor Yermack argues Bitcoin should not be considered money, for a number of reasons. These include Bitcoin’s inability to act as a medium of exchange or a store of value or act as a unit of ... David Yermack. NBER Working Paper No. 19747 Issued in December 2013, Revised in April 2014 NBER Program(s):Law and Economics, Monetary Economics. A bona fide currency functions as a medium of exchange, a store of value, and a unit of account, but bitcoin largely fails to satisfy these criteria. Bitcoin has achieved only scant consumer transaction volume, with an average well below one daily ... Market value of one bitcoin in US dollars. The figure shows the value on a logarithmic scale of the bitcoin-dollar exchange rate, recorded daily at midnight on the Mt. Gox exchange in Japan from July 17, 2010 to February 6, 2014, and thereafter until March 21, 2014, on the Bitstamp exchange. While some criticize Bitcoin as a Ponzi scheme dominated by speculation and manipulation (Selgin 2015; Yermack 2015; Gandal, Hamrick, Moore, and Oberman 2018;Griffin and Shams 2018), 1 others are ...

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David Yermack on whether Bitcoin is a real currency

Professor David Yermack joined us to tell us all about cryptocurrency and Bitcoin. While the mysterious story of Satoshi Nakamoto didn't make the final cut, this shadowy figure was too fascinating ... In 2013, bitcoin was worth just $150 when suddenly, the price spiked. Within two months, one bitcoin was worth $1,000. Four researchers from the Tandy School of Computer Science at The University ... Professor Yermack, of the Stern School of Business at New York University, argues that Bitcoin should not be considered money, for a number of reasons. These include Bitcoin’s inability to act ... Professor David Yermack from NYU Stern School of Business on the implications of Blockchains on financial markets. Hanken Centre for Corporate Governance is a research centre focused on public and ... Bitcoin 101 - Modelling the Price of Bitcoin - Is a $100,000 bitcoin possible? - Duration: 26:45. ... David Yermack on whether Bitcoin is a real currency - Duration: 6:54. The Conversation 1,796 ...

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