Topic: A nice read up that evidences BTC as a public record keeping device,check it out (Read 559 times)
June 17, 2013, 09:54:18 PM
the more people read it the better! spread the wisdom!
June 17, 2013, 09:49:02 PM
We maintain that the crypto-currency bitcoin is a practical application of what is termed “memory” in the monetary economics literature. After reviewing the theoretical literature on money and memory, we offer a brief overview of the bitcoin protocol and argue that, like memory, bitcoin functions as a public record-keeping device. Finally, we provide evidence that — in line with the standard theoretical account of memory — bitcoin use has soared as the expected cost of storing traditional monies increased.
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2275730
Chaoskampf already has a post about this, can you guys remove this?
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2275730
Chaoskampf already has a post about this, can you guys remove this?
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