Beating Bitcoin

Kazuyuki Shimizu ()
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Kazuyuki Shimizu: Meiji University, School of Business Administration

Chapter Chapter 10 in ESG Investment, German Industrie 4.0, and Blockchain, 2026, pp 177-189 from Springer

Abstract: Abstract Using Bitcoin, often referred to as “digital golddigital gold (Proof of Work, PoWPoW),” as a benchmark, this study investigates the development and promotion of ecosystems driven by “digital oildigital oil (Proof of Stake, PoS).” The findings can be summarized in three key points: (1) Revolution in Decentralized Governance.Decentralized Governance While current systems are dominated by centralized control, often referred to as the “Magnificent SevenMagnificent Seven,” the Bitcoin network achieves decentralizeddecentralized data management and governance through consensus mechanisms like PoW and PoS. This shift enables a democratic revolution where ownership lies with the users. (2) Universal Laws of Success. The Bitcoin network exemplifies the mathematical “power law,” representing universal principles of success. It quantifies economic growth dynamics exponentially, offering a hybrid perspective that combines traditional capital market investment strategies with approaches tailored to emerging (start-up) markets. This framework facilitates a paradigm shift in the economy by enhancing productivity. (3) Optimizing Resource Allocation. The current global economy relies on single value benchmarks, such as the US dollar, which leads to inefficiencies and resource misallocations. Adopting new benchmarks like Bitcoin, combined with alternative indicators (including altcoins), could enable better resource allocation and measurement. This process, driven by “tokenized time” as a new productivity metric, holds the potential to improve resource management and create a more efficient economic framework.

Keywords: Bitcoin; Blockchain; Proof of work; Learning curveLearning Curve; Tokenized timeTime; ESG; Industrie 4.0; Power law (search for similar items in EconPapers)
Date: 2026
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-95-6927-4_10

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DOI: 10.1007/978-981-95-6927-4_10

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