Theory and Reality of Cryptocurrency Governance

Antoon Spithoven

Journal of Economic Issues, 2019, vol. 53, issue 2, 385-393

Abstract: I analyze cryptocurrency ecosystems with Elinor Ostrom’s meta-framework for self-governance. I conclude that Bitcoin falls short in its self-governing ambitions, while cryptocurrency software protocols and blockchain technologies have potentialities within “permissioned” peer-to-peer private or hybrid networks. However, regulation and supervision by trusted third parties are required.

Date: 2019
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DOI: 10.1080/00213624.2019.1594518

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