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BItcoin, a glimpse of the future?

Blidhem, Anton LU (2013) NEKH01 20131
Department of Economics
Abstract
The aim with this thesis is to investigate the relatively new currency Bitcoin and shed some light over its structure and composition from a macroeconomic point of view. Not a lot of academic work has been published on the subject it is therefore interesting to dive deeper into. By using macroeconomic theory and published academic work I will try to determine if the new digital currency has a chance to gain traction and change part of our monetary system. The problem partly lies in whether legal authorities can prevent the usage of the currency or not. But with that taken aside, what Bitcoin will do is leaving a dent in the economic system. It has shown us that it is possible to create a system with no centralized authority at all and no... (More)
The aim with this thesis is to investigate the relatively new currency Bitcoin and shed some light over its structure and composition from a macroeconomic point of view. Not a lot of academic work has been published on the subject it is therefore interesting to dive deeper into. By using macroeconomic theory and published academic work I will try to determine if the new digital currency has a chance to gain traction and change part of our monetary system. The problem partly lies in whether legal authorities can prevent the usage of the currency or not. But with that taken aside, what Bitcoin will do is leaving a dent in the economic system. It has shown us that it is possible to create a system with no centralized authority at all and no government is needed to enforce rules. With only the users self-policing the system it has shown us that we need not to be bound down entirely by governments monopoly on monetary control. Is Bitcoin to be a new “world currency”? Probably not. But ripples have been created in the economic system and new forms of digital currencies are emerging. But only time can tell what the future might hold for us in the world of digital currencies. (Less)
Please use this url to cite or link to this publication:
author
Blidhem, Anton LU
supervisor
organization
course
NEKH01 20131
year
type
M2 - Bachelor Degree
subject
keywords
Bitcoin, digital currency, satoshi, virtual currency.
language
English
id
3920787
date added to LUP
2013-07-29 11:35:42
date last changed
2013-07-29 11:35:42
@misc{3920787,
  abstract     = {The aim with this thesis is to investigate the relatively new currency Bitcoin and shed some light over its structure and composition from a macroeconomic point of view. Not a lot of academic work has been published on the subject it is therefore interesting to dive deeper into. By using macroeconomic theory and published academic work I will try to determine if the new digital currency has a chance to gain traction and change part of our monetary system. The problem partly lies in whether legal authorities can prevent the usage of the currency or not. But with that taken aside, what Bitcoin will do is leaving a dent in the economic system. It has shown us that it is possible to create a system with no centralized authority at all and no government is needed to enforce rules. With only the users self-policing the system it has shown us that we need not to be bound down entirely by governments monopoly on monetary control. Is Bitcoin to be a new “world currency”? Probably not. But ripples have been created in the economic system and new forms of digital currencies are emerging. But only time can tell what the future might hold for us in the world of digital currencies.},
  author       = {Blidhem, Anton},
  keyword      = {Bitcoin,digital currency,satoshi,virtual currency.},
  language     = {eng},
  note         = {Student Paper},
  title        = {BItcoin, a glimpse of the future?},
  year         = {2013},
}