Money, dequity, and the barter economy of the future

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Chapter 5 in Understanding the Blockchain Economy, 2019, pp 74-95 from Edward Elgar Publishing

Abstract: This chapter answers the question of whether cryptocurrencies are money. Blockchain tokens do not fit neatly into our categories of financial assets. The chapter asks whether, and how, money is a public good or emergent social institution, and then applies this to crypto-tokens. Money can be seen as ‘dequity’: a unique instrument with the features of both debt and equity. The chapter then considers the evolution of money in a world of a multiplicity of cryptocurrencies and other technologies – such as artificial intelligence – that allow for barter transactions to occur at a low cost.

Keywords: Economics and Finance; Innovations and Technology (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (1)

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