PPT-The Economics of Commodity Money (and Bitcoin)

Author : ida | Published Date : 2024-06-29

Lawrence H White George Mason University What is a gold standard Anna Schwartz 1986 a gold standard means that the central bank is prepared to buy and sell gold

Presentation Embed Code

Download Presentation

Download Presentation The PPT/PDF document "The Economics of Commodity Money (and Bi..." is the property of its rightful owner. Permission is granted to download and print the materials on this website for personal, non-commercial use only, and to display it on your personal computer provided you do not modify the materials and that you retain all copyright notices contained in the materials. By downloading content from our website, you accept the terms of this agreement.

The Economics of Commodity Money (and Bitcoin): Transcript

Lawrence H White George Mason University What is a gold standard Anna Schwartz 1986 a gold standard means that the central bank is prepared to buy and sell gold at a fixed price US before 1913 . Cyryptocurrency Project Proposal - Spring 2015. SHA Use in Bitcoin. SHA256 used heavily as bitcoin’s underlying cryptographic hashing function. Two examples (of many) are its use in the Merkle tree hash, as well as the proof of work calculation. What is Bitcoin?. Digital currency created in 2009. Peer-to-peer technology with no central authority. No physical bitcoins; seen as property by IRS. Price is volatile . Uses blockchain technology. Anonymous. Digital Currency. Chaum’s. ideas in the 1980’s. All ideas required a central bank or . single point of trust. Chaum. started a company. DigiCash. in 1990. Bankrupt. in 1998. Lots of other companies you’ve never heard of have attempted digital cash. Bitcoin . Technology is Game . Changer. Bitcoin != bitcoin. . Decentralized != distributed. Censorship Resistant. Permission-less. Public transactions. Immutable . record. Standardize way to talk money. Bitcoin . Technology is Game . Changer. Bitcoin != bitcoin. . Decentralized != distributed. Censorship Resistant. Permission-less. Public transactions. Immutable . record. Standardize way to talk money. What are the . limits to growth?. What are the . limits to growth?. P. opulation increases by a billion every . 12 or 13 years!. Population increases 200,000 per day . (350,000 . born . v. 150,000 die). Digital Currency. Chaum’s. ideas in the 1980’s. All ideas required a central bank or . single point of trust. Chaum. started a company. DigiCash. in 1990. Bankrupt. in 1998. Lots of other companies you’ve never heard of have attempted digital cash. Application of economic theory to predict and control behavior. Microeconomics. Assumes law of supply and demand. Is an outgrowth of unidimensional explanations of reinforced behavior. Four Major Premises. Use our guide to find all of the supported exchanges and bitcoin ATMs within the United Arab Emirates quickly and efficiently. Download it now. Visit: https://www.smartbitcoininvestments.com/buy-bitcoin-in-united-arab-emirates/ Use our guide to find all of the supported exchanges and bitcoin ATMs within California quickly and efficiently. Download it now. Visit: https://www.smartbitcoininvestments.com/buy-bitcoin-in-california/ Use our guide to find all of the supported exchanges and bitcoin ATMs within Hawaii quickly and efficiently. Download it now. Visit: https://www.smartbitcoininvestments.com/buy-bitcoin-in-hawaii/ play real bitcoin games and earn real bitcoin by play online casino game. Sharath Chandra Ram. sharath@cis-india.org. The Byzantine General’s Problem –. Fault/. MisTrust. Tolerance in Distributed Computation. Bitcoin. /. Cryptocurrency. in many ways is analogous . to the Internet of . Prof. . Alok. Kumar . Goyal. Department of Economics. Deen. . Dayal. . Upadhyay. Gorakhpur University. Functions of Money. . 1. Primary Function. 2. Secondary or Derived Function. 3. Contingent Function.

Download Document

Here is the link to download the presentation.
"The Economics of Commodity Money (and Bitcoin)"The content belongs to its owner. You may download and print it for personal use, without modification, and keep all copyright notices. By downloading, you agree to these terms.