Bitcoin et blockchain: quelles opportunités ?

Jean-Marc Figuet

Revue d'économie financière, 2016, vol. n° 123, issue 3, 325-338

Abstract: The emergence of virtual currencies, based on cryptographic protocols, raises questions about their status. Here, we analyze the case of Bitcoin. We show that bitcoin does not fulfil the traditional functions of money. Acceptability as a means of payment is limited. Its volatility is too high to serve as store of value. And bitcoin is not used as a unit of account. However, as a collaborative and decentralized technology, the blockchain, used to issue the currency and settle transactions has the potential to change the centralized organization of payment and settlement system. Classification JEL: E40, G21, G23.

JEL-codes: E40 G21 G23 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (2)

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