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Hanna Halaburda, Miklos Sarvary (Beteiligte)

Beyond Bitcoin


The Economics of Digital Currencies
1st ed. 2016. 2015. ix, 186 S. 216 mm
Verlag/Jahr: SPRINGER PALGRAVE MACMILLAN; PALGRAVE MACMILLAN US 2015
ISBN: 1-349-55435-9 (1349554359)
Neue ISBN: 978-1-349-55435-5 (9781349554355)

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Beyond Bitcoin explores what digital currencies-such as Bitcoin and Amazon Coin-are and whether they may have a lasting effect on the landscape of money and payments.
1. Introduction
2. Means of Exchange: Ever Present Competition
2.1. The Medium of Exchange - Historical Overview
2.2. What Roles Does Money Serve?
2.3. Competing Money
2.4. Virtual Money?
3. Platform-Based Currencies
3.1. Special Currencies of the Traditional World
3.2. Platform-Based Currencies in the Digital Era3.3. Conclusion
3.4. Discussion
4. Cryptocurrencies
4.1. The Double Spending Problem
4.2. How Does Bitcoin Work? Brief Overview
4.3. Not the First One - Predecessors of Bitcoin
4.4. Problems with Bitcoin (New Challenges)
4.5. Competition Against Other Cryptcurrencies
4.6. Non-Currency Use of Blockchain Technology
4.7. Trading Cryptocurrencies
4.8. How Do Cryptocurrencies´ Attributes Compare to Earlier Money?
5. Conclusions
"Digitization is eating the world, and currencies are not immune from this transformation. Halaburda and Sarvary separate the hype from the reality and provide the grounded explanation of digital and crypto-currencies that has been lacking until now." - Erik Brynjolfsson, Director, Initiative on the Digital Economy, Massachusetts Institute of Technology, USA; coauthor, The Second Machine Age

"The book lays out the economic principles that help predict the future of digital currencies. It provides a unique perspective about competition between currencies and the role of digital currencies in platforms. A fascinating read!" - Susan Athey, Economics of Technology Professor, Stanford University, USA; John Bates Clark Medalist

"While alternative currencies such as Bitcoin or Litecoin hold the promise of reshaping economic activity and transforming our lives through increased control, security, and a reduction in the costs of carrying transactions, for many, the world of digital currencies remains dark, puzzling, and mystifying. Beyond Bitcoin is a must-read for anyone seeking to understand the simple economics of digital currencies to manage the risks and to take advantage of the opportunities that this quickly evolving phenomenon presents." - Ramon Casadesus-Masanell, Herman C. Krannert Professor of Business Administration, Harvard Business School, USA; Co-editor, Journal of Economics & Management Strategy

"We have entered a period of momentous change in the way humans use technology to issue new types of currency and invent new ways of exchange. Beyond Bitcoin is a timely and highly readable book that situates the phenomenon of digital currencies in the wider evolution of money and offers a well-documented, jargon-free analysis that clarifies the ways in which digital currencies differ - but also resemble - traditional currencies. Halaburda and Sarvary´s book will be immensely helpful to managers and students who aim to understand the economic forces driving the emergence and success of new currencies." - Annabelle Gawer, Associate Professor in Strategy and Innovation, Imperial College Business School, UK; author, Platform Leade rship and Platforms, Markets and Innovation