Cryptocurrencies from an Austrian perspective

Placing bank and fiat money off balance sheet, using the distributed transaction technologies of Bitcoin and other cryptocurrencies, avoids the need for centralised payment settlement (in central bank money). Just like earlier proposals for ‘narrow-banking’ or 100-percent reserving this prevents ban...

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Bibliographic Details
Main Author: Alistair Milne
Format: Default Preprint
Published: 2017
Subjects:
Other commerce, management, tourism and services not elsewhere classified
100-percent reserved banking
Bank payments
Bank reserves
Bitcoin
Blockchain
Central counterparties
the Chicago plan
Clearing and settlement
Credit money
Cryptography
Commodity money
Digital currency
Distributed ledgers
Electronic currency
Fiat money
Fiduciary media
Business and Management not elsewhere classified
Online Access:https://hdl.handle.net/2134/37319
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