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

AEA Papers and Proceedings

ISSN 2574-0768 (Print) | ISSN 2574-0776 (Online)

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An Economist's Perspective on the Bitcoin Payment System

  • Gur Huberman
  • Jacob D. Leshno
  • Ciamac Moallemi
AEA Papers and Proceedings
vol. 109, May 2019
(pp. 93–96)
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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