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Beyond Bitcoin : The Economics of Digital Currencies (Hardcover) (Hanna Halaburda & Miklos Sarvary)
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The developments of digital technology have affected the way we interact with money. We use credit and debit cards, check our balances online, use ATM to withdraw money from out bank account or make direct transfers without ever touching physical cash. But these are examples of digitization of existing currency – there is always a paper dollar that you can get for a digital dollar. Digital currencies are a fairly new phenomenon. They exist only in digital world. There is no state currency, no state assets to back them up.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. Halaburda argues that to understand these innovations and potential challenges and further developments in the market, one needs to develop an understanding of what needs various digital currencies fulfill and what business models are consistent with their use. This book is the first systematic work on digital currencies and appeals to scholars and practitioners alike.