Bitcoin Worlds preprint
Bitcoin confronts the global monetary order with an unprecedented experiment of absolute scarcity in a system built on elastic credit. Bitcoin’s trajectory will be set less by protocol rules than by governance choices.
I have a new working paper out now. It is available for download at: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5445935
It is bound for submission to a political economy journal within the next couple of weeks: comments are welcome.
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