Topic: My Thesis Work On Bitcoin [**NEW** Table of contents,Introduction,First chapter] - page 2. (Read 3642 times)

Hi David ! The thesis is in Economics

Hi miketonic, i accidentally posted without finishing to describe what i am doing. My main focus will be on transaction friction reduction, by describing the evolution of payment (credit cards -> online payments -> crypto currecy) through transaction friction, i could describe potential effects bitcoin could have.

Impact of the bitcoin in the economy seems like a very wide subject.. You might want to narrow it down quite a bit. Anyway it's good that we are starting to get some researches about bitcoin and how it affects economy. What kind of thesis are you writing? Good luck to your project!

What kind of thesis?

read. read a lot.

Hi Everyone !
My Name is Alon, i started getting interested in BTC a few months ago. I was Asked by my Proff. to choose my thesis work subject and without blinking i said BITCOIN !

sounds easier than it is ....

I want to describe in my work the impacts bitcoin can have on the old economy. Obviously this is a huge subject, but i thought to approach it by first describing the impacts credit cards and services like Paypal had on consumption. The emphasis would be on reducing transaction friction.
For Example : credit cards are much easier to carry and use than cash and offer Tx details to the client BUT slow payment verification, high (relative) commissions, very high foreign currency commissions.
Paypal - very easy remote payment BUT still a lot of the credit cards cons
Bitcoin - single global currency, fast payment confirmation (relative to credit cards), very low commissions, no foreign currency conversion commissions, etc.

By describing the evolution of the way we pay (across the above methods) i can describe possible effects bitcoin can have on the economy by simply reducing transaction friction.

I will love to hear your opinion about the direction i am going. is it good for describing future effects of bitcoin ? is transaction friction reduction is bitcoins greatest quality ?
Obviously suggestion will be much appreciated !
Alon.