ECON350 Lecture Notes - Lecture 13: Initial Coin Offering, Bitcoin Network, Cryptocurrency Exchange
Document Summary
Contents: what is it, how it works, exchanging and using, some issues with bitcoin, from this issue think about the future of bitcoin, how do u fit bitcoin in the whole evolution of finance. What is it: o(cid:374)e thi(cid:374)g that"s (cid:373)issi(cid:374)g (cid:271)ut (cid:449)ill soo(cid:374) (cid:271)e de(cid:448)eloped is a relia(cid:271)le e- cash, a method whereby on the internet you can transfer funds from. A to b without a knowing b or b knowing a the way i can take a bill and hand it over to you, and you may get that without knowing who i am. After the collapse of bretton rule system, countries look for some anchor to curb the inflation. Countries like uk and us use monetary rule propose by. Milton freidman to curb the inflation set ms growth rate = gdp growth rate, price will be unchanged.
