Is Bitcoin a Waste of Resources?

Stephen Williamson

Review, 2018, vol. 100, issue 2, 107-15

Abstract: Do Bitcoin and other cryptocurrencies play a useful social role, or do they represent a social waste? Bitcoin is a decentralized recordkeeping system, with updating of the record of transactions in the blockchain.

JEL-codes: E50 E59 G23 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
https://files.stlouisfed.org/files/htdocs/publicat ... ste-of-resources.pdf Full text (application/pdf)
https://doi.org/10.20955/r.2018.107-15 https://doi.org/10.20955/r.2018.107-15 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fedlrv:00098

DOI: 10.20955/r.2018.107-15

Access Statistics for this article

Review is currently edited by Juan M. Sanchez

More articles in Review from Federal Reserve Bank of St. Louis Contact information at EDIRC.
Bibliographic data for series maintained by Scott St. Louis ().