Some Economics of Private Digital Currency
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In this article, the authors review some recent developments in digital currency focussing on platform-sponsored currencies such as Facebook Credits and find that it will not likely be profitable for such currencies to expand to become fully convertible competitors to state sponsored currencies.Abstract:
This paper reviews some recent developments in digital currency focussing on platform-sponsored currencies such as Facebook Credits. In a model of platform management, we find that it will not likely be profitable for such currencies to expand to become fully convertible competitors to state-sponsored currencies.read more
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Tokenomics: Dynamic Adoption and Valuation
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Monopoly without a Monopolist: An Economic Analysis of the Bitcoin Payment System
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Some simple economics of the blockchain
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