The Case for a 21 Million Bitcoin Conspiracy

Peder Østbye ()
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Peder Østbye: Norges Bank

Journal of Financial Transformation, 2018, vol. 48, 88-97

Abstract: Bitcoin and many other cryptocurrencies have currency-caps implemented in their protocols. Bitcoin is capped at approximately 21 million bitcoins. These protocols are complied by consenting operators. This paper discusses whether such currency-caps are illegal quantity-fixing conspiracies in violation of antitrust law. It is found that there is a present antitrust risk for cryptocurrency operators. This may render such operators subject to criminal and civil liabilities.

Keywords: antitrust law; blockchain; competition law; cryptocurrencies; monetary theory (search for similar items in EconPapers)
JEL-codes: E42 E51 K21 K22 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:ris:jofitr:1615

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