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  4. May 2019
  5. An Economist's Perspective on the Bitcoin Payment System

An Economist's Perspective on the Bitcoin Payment System

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Abstract

The paper's introduction offers a high-level review of Bitcoin's features, especially its governance by protocol. The paper proceeds to summarize Bitcoin's analysis as a payment system. It pays particular attention to a comparison between Bitcoin and a firm-run payment system.

Citation

Huberman, Gur, Jacob D. Leshno, and Ciamac Moallemi. 2019. "An Economist's Perspective on the Bitcoin Payment System." AEA Papers and Proceedings, 109: 93-96. DOI: 10.1257/pandp.20191019

Additional Materials

JEL Classification

  • E42 Monetary Systems; Standards; Regimes; Government and the Monetary System; Payment Systems