Computer Science
4 years ago

New monetary policy could stabilize Bitcoin and revolutionize digital currencies.

RePEc: Research Papers in Economics
Can We Stabilize the Price of a Cryptocurrency?: Understanding the Design of Bitcoin and Its Potential to Compete with Central Bank Money
Mitsuru Iwamura, Yukinobu Kitamura, Tsutomu Matsumoto, Kenji Saito

Paper Summary

The article discusses how Bitcoin's price instability is due to its fixed supply schedule, leading to challenges in competing with central bank currencies. The researchers suggest a new monetary policy to stabilize Bitcoin's value and other cryptocurrencies.

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