Monetary Attribute of Bitcoin

DOI

10.2991/isss-18.2018.97How to use a DOI?

Keywords

Monetary attribute, Hayek free currency theory, Credit money, General giving and receiving, Decentrar

Abstract

In In recent years, new virtual currency which is born on the Internet, has attracted more and more attention. Especially represented by the bitcoin, which is decentralized and has limited amount, has become active in the global market. Digital storage, decentralization, limited amount, complete anonymity and confidentiality, all make the strong monetary attribute. However, whether bitcoin, whose nickname is gold 2.0, could complete monetary attribute, and whether it could perfect the monetary functions, need to be researched and demonstrated. In addition, the public awareness of bitcoin isn’t much. They don't realize the superiority and the shortcomings of bitcoin. In this paper, we start from the introduction of bitcoin, discuss the monetary attribute in detail, and analyze the problems and challenges which bitcoin faces. At last, make a summary, and discuss the meaning and the future.

Copyright

© 2018, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Chenghao Yang
AU  - Yanwen Tian
PY  - 2018/05
DA  - 2018/05
TI  - Monetary Attribute of Bitcoin
BT  - Proceedings of the 4th International Symposium on Social Science (ISSS 2018)
PB  - Atlantis Press
SP  - 481
EP  - 485
SN  - 2352-5398
UR  - https://doi.org/10.2991/isss-18.2018.97
DO  - 10.2991/isss-18.2018.97
ID  - Yang2018/05
ER  -