Hi Stefano: when studying the future of cryptocurrencies you should take into consideration the potential regulatory deterrents that may emerge as Central Banks and Local Governments start paying more attention to these competing currencies. I have attached a couple of links related to recent articles (both scholar + media) to shed light on this matter.
In short: Cryptocurrencies and the technology behind it (blockchain and tangle) are here to stay!
What will be the future of cryptocurrencies?
The social meaning of money. Pin money, paychecks and other currencies
CHARTS – Pre Fork (pre BitCoinGold BTG) Cryptomarket Situation: Bitcoin vs. main cryptocurrencies (Ethereum, BitCoinCash, Dash, LiteCoin, Ripple).
Universit de Pau et des Pays de lAdour
Mary Mellor is Emeritus Professor at Northumbria University in Newcastle, where she was founding Chair of the Universitys Sustainable Cities Research Institute. She has published extensively on alternative economics integrating socialist, feminist and green perspectives. Her books include
Future Money: Breakdown or breakthrough
Almost everything has gone digital. Can Cryptocurrencies replace physical cash and how make life easier or in trouble?
Macro determinants of operation of e-money systems in European Union
The worlds financial experts and leaders in politics, government and business, and most mainstream academic and media commentators, have demonstrated that they are not yet able or willing to diagnose and treat the profound and pervasive problems that are directly caused by the money system. Future Money speaks explicitly to active, independent-minded citizens, including young people, with the hope that it will help them to understand why people committed to careers in almost every important walk of life today find it difficult to recognize the problem and grasp the nettle. It shows why we have to take the initiative now, and urgently, to get the issue on to mainstream agendas worldwide.
American University in the Emirates (AUE)
National Technical University of Athens
Do you know any innovative measures of banks profitability other than ROE, ROA, NIM ?
If cryptocurrencies continue their upward trend, one can easily foresee a restructuring in, e.g. the concept of a bank. Banks currently provide financial services AND act as custodians of customers money. Bitcoin and blockchain technology can potentially allow banking services to be performed without the need to trust banks with your money.
Legal determinants of electronic money systems development i…
Layer 2 – utility tokens (utrust, omesego,etc.)
Veer Narmad South Gujarat University
I have attached my publication presenting legal analisis of electronic money issue in EU. If You wish to discuss the topic in more details do not hesitate to contact me.
Amacı: Bu çalışmanın amacı Bitcoin ve diğer kripto para birimlerinin turizm sektörnde ödeme aracı olarak kullanılma durumunu değerlendirmektir. Araştırma Yöntemi: Çalışma durum tespitine yönelik, betimleyici bir araştırmadır. Bulgular: Turizm sektörnde Bitcoinin ödeme aracı olarak kabul edilmesi daha çok turizm portalları aracılığı ile gerçekleşmektedir. Bu turizm portalları turizm sektörnn daha çok konaklama ve havayolu taşımacılığı alt sektörlerine aracılık hizmeti sunmaktadır. Sonuçlar ve Öneriler: Turizm sektörnde Bitcoinin kullanılmasının hızlı para transferi ve dşk maliyet gibi avantajları olduğu gibi Bitcoinin speklasyona çok açık olması ve devletlerin yaptırım uygulama riski ile karşı karşıya kalması gibi dezavantajları vardır. Araştırmanın Sınırlılıkları: Çalışmanın sınırlı bir sreyi kapsaması çalışmanın bir kısıtıdır. Orijinalliği: Turizm sektör özelinde Bitcoin konusunda yapılmış çalışmanın oldukça sınırlı olması nedeniyle çalışmanın alanyazına katkı sağlayacağı dşnlmektedir.
The theoretical benefits of Bitcoin for the unbanked are enormous, operating as it does on a peer-to-peer volunteer computer network without the need for a third-party bank or mobile money platform. Yet, the theoretical benefits of mobile money for the unbanked are also huge; transforming that theory into practice, however, has proved to be a significantly harder nut to crack, as is well known. And in this regard cryptocurrencies have to overcome the same hurdles that mobile money does, if people in emerging markets are going to be likely to entrust their money into a volatile cryptocurrency system which, actually, very few people in more advanced economies actually understand.
But take the investment out of the cryptos. See it as a technology in whole and use it for your research applications. Thats where the future lies.
In the University of Valencia there is a student, Y. Hirota, who is writing his doctoral thesis about this subject. You can interchange information.
Like TCP/IP, blockchain is a foundational technology that will require coordination from technological, regulatory, and social side. There is a…
How many bitcoins should you buy and what is an estimate of …
Hi Stefano, I am working a project on digital currencies, more can be found here:
The emergence of Bitcoin has sparked a debate about its future and that of other cryptocurrencies. Despite Bitcoins recent issues, its success since its 2009 launch has inspired the creation of alternative cryptocurrencies such as Litecoin, Ripple and MintChip. In these experiences the speculative motive seems to be preailing. However, recently, digital social currencies experiments are diffusing, by starting from the Bicoin protocol.
The future of money : from financial crisis to public resource
James Robertson, who has been described as the grandfather of green economics, worked in the Cabinet Office and as a researcher for British banks. In the 1970s he was one of the co-founders of The Other Economic Summit and The New Economics Foundation. His other books include The Sane Alternative, Future Wealth and Future Work.
What will be the future of cryptocurrencies? Will Bitcoin lose its value completely? What are the most important factors to understand the future of cryptocurrencies?
As Bitcoin becomes more and more popular throughout our digital world, many questions arise as of the importance of cryptocurrencies and their…
Anything which suddenly go up without any reason, surly have deep fall in future. When there is no human control over man-made system, there must some catch behind that. Be safe keep investing.
The success of Bitcoin was spectacular, however this cryptocurrency showed its drawbacks. Mainly the problem is with money supply, which in case of Bitcoin is limited by design (high computation power is required to mint new Bitcoins). This limited supply causes Bitcoin to be susceptible to speculation. As demand for Bitcoin rises its value increases and vice versa.
In my point of view it will turn out at the end that a private funded money is a product like all kind of products. Selling a product for a high (other) monetary value is nice for the creator – but the extrem volatile behavior of such a computer generized product as a replacement for money is not very good for the normal use of money.
Is it possible that we pay in digital instead of cash in every angle of routine life from purchase to travel, from health to education?
Cryptocurrencies are in their infancy. Its like Internet in 1980s. We can divide cryptos into 3 layers.
Freecoin is not a currency, but a suite to create P2P currencies. What can be considered naïve in Bitcoin is a premature investment of time and resources in it. Bitcoin has been linked too fast to the already problematic world of existing physical currencies, especially considering its stage of development and its usability. While it is fun to see it works, it is also obvious to many that this technology needs more development and that we cannot be concerned about the integrity of a network of stakeholders while at the same time adding features and correcting bugs. In these regards, Freecoin can be seen as consolidated playground for experimentation on P2P crypto currencies and further growth of this technology, still open to the use people will make of it in future. Additionally, one of the main points of Freecoin is that to make the genesis code configurable at runtime, meaning it will be possible to use the same technology that circulates Bitcoin today for new and diverse currencies in future, relying on a shared code-base and a set of configuration files that represent the unique genetic code for each currency.
, Princeton University Press; Greco, Thomas (2009),
Rome Club and others. He shows the state of question. This Belgian economist is now developing a criptocurrency named TERRA, an interesting experience.
It is very important at the outset to distinguish between Bitcoin and Crypto-Assets. Bitcoin is the oldest and most well-known of the crypto-assets. However as can be imagined for a technology introduced in 2008, many innovations would have emerged since its beginnings. The Ethereum (ETH) project is generally viewed as Bitcoin 2.0 and projects such as Cardano (ADA) and Pillar (PLR) are viewed as Bitcoin 3.0. Innovations have sought to address and improve factors associated with scalability, expand use cases, introduce intelligent contracting, deepen interoperability, integrate into the internet of things (IoT), improve transparency and governance among other new features.
Bitcoin and other cryptocurrencies where are theygoing?
Legal determinants of electronic money systems development i…
I am looking for other measures of banks profitability that may capture the sustainability of profitability.
American University in the Emirates (AUE)
What are some good metrics for cryptocurrencies?
Layer 3 – platforms (ethereum,neo,etc.)
The success of Bitcoin was spectacular, however this cryptocurrency showed its drawbacks. Mainly the problem is with money supply, which in case of Bitcoin is limited by design (high computation power is required to mint new Bitcoins). This limited supply causes Bitcoin to be susceptible to speculation. As demand for Bitcoin rises its value increases and vice versa.
Nowadays we use fiat money (legal tender), which value is forced by law. In case of cryptocurrencies there is no real value in background nor the law. So cryptocurrencies are risky from definition. On the other hand, there are some businesses offering electronic money backed by precious metals as gold or platin ). However, in Poland such a company, called Ambergold, went bankrupt, and customers have lost their money.
American University in the Emirates (AUE)
As the recent financial crisis has revealed, the state is central to the stability of the money system, while the chaotic privately-owned banks reap the benefits without shouldering the risks. This book argues that money is a public resource that has been hijacked by capitalism.
The state of the global economy affects every single one of us. With economic growth threatened by financial regulation and the East and West at competitive odds, the real solutions to global recession can only come through international co-operation. Featuring World leaders, Nobel Prize-winning economists, award-winning writers and opinion formers The Future of Money brings together the finest thinking to suggest solutions to this global predicament.
Have you any comments on this experience?
Nowadays we use fiat money (legal tender), which value is forced by law. In case of cryptocurrencies there is no real value in background nor the law. So cryptocurrencies are risky from definition. On the other hand, there are some businesses offering electronic money backed by precious metals as gold or platin ). However, in Poland such a company, called Ambergold, went bankrupt, and customers have lost their money.
Contributors include David Blanchflower, John Bruton, Todd Buchholz, Martin Feldstein, Will Hutton, Norman Lamont, Edmund Phelps, Jonathon Porritt and Muhammad Yunus.
As you have said, recently, many cryptocurrencies have been created. In most of them have prevailed speculative motivations. But following the experience of bitcoin, there are other projects of social-currencies with social objectives.
Layer 1 – currency only (bitcoin,litecoin,etc.)
Is it not possible that a currency like bitcoin can be the currency for international transactions, much more easier than currently used US$?
This fascinating study of money should be read by all economics students looking for an original analysis of the economy during the current crisis.
The end of money and the future of civilization
I recommend paying attention to the following projects to get a clearer picture of where this technology is headed: Ethereum, OpenBazaar, BitMessage, and OpenTransactions.
Strictly regarding the technology of Bitcoin, the means of exchange is already superior to mainstream electronic payments, and the addition of financial instrument libraries such as Open Transactions [3] will soon enable Bitcoin to be a superior unit of account as well. It has been called the first practical solution to a long-standing mathematical problem, The Byzantine Generals Problem [4].
The reason why people are so excited/frustrated about the cryptos is because of the sudden price rise and fall. People see it as an investment to make quick money. But its not it. One should not invest the money that they cant afford to loose. The cryptocs market cap is simply numbers made out of thin air. The market cap calculation for any coin goes like this, Marketcap = Selling price x Circulating supply. Selling price is the weighted average from the various exchanges its traded on. Circulating supply is the total number of coins in circulation. If people decide to not buy the currency (eg. bitcoin) below 1$, then the price of the bitcoin or other cryptos falls to 1$ instantly.
The Politics of Money: Towards Sustainability And Economic Democracy (
In order to begin speculating on the future of Bitcoin and cryptocurrency technology, it is important to define Bitcoin as it exists today. Currently, anybody can send value to anybody in the world, instantly, for free, without the consent of any entity. The only requirements are a cheap computer and an internet connection (although there are ways of sending Bitcoin over GSM [Link 1] and radio [2] as well).
How do other countries apply taxation on Crypto Currency based transactions?
Turizm Sektörnde Bitcoin ve Diğer Kripto Para Birimlerinin Kullanım Durumunun Değerlendirilmesi Evaluation of Using Bitcoin and Other Cryptocurrencies in the Tourism Sector
Other future applications of Bitcoin include smart property (a la vending machines, Uber ridesharing service), assurance contracts, contract exchanges, notary services, escrow, oracle-automated transactions (when X occurs, send money to A), and others [7].
Exploring, Navigating and Exploiting the Current Global Fina…
Future Money explains in plain language and convincing detail how our money system is propelling us toward the self-destruction of our species – and what we should do about it. Our present money system frustrates the well-meaning efforts of active citizens, NGOs and governments to deal with our present ills and problems – including worldwide poverty, environmental destruction, social injustice, economic inefficiency and political unrest and violence within and between nations. Failure to reform the worlds money system urgently and radically – that is, from its roots up – could bring disaster for human civilization before the end of this century. Future Money shows clearly how our money system operates and how it could be reformed so that it acts for the benefit of people and society rather than the opposite, and describes the obstacles that currently prevent that reform.
Macro determinants of operation of e-money systems in European Union
At least three banks have begun implementing the Ripple Protocol (a blockchain spinoff) for their international payment gateways [5,6] as well.
And money can not really store any kind of value. The conditions around the usage of money stores value … (or make it look like money can store value) but it is the continuity of external conditions which makes a money worth something tomorrow. Not the money itself.
We would be glad iy you would help us about: After saying your country and figuring out the situation of bitcoin and other currencies in your…
Will Bitcooin and other cryptocurrencies be the tombstone of world monetary system?
Is blockchain the adequate technology to reshape the economy?
Government can decide what to do and what not to do with Layer 1. Layer 1 coins will be replaced with the government backed coins in the near future. But Layer 2 and Layer 3 are different. Most of the coins in these layers will stay.
I have attached my publication presenting legal analisis of electronic money issue in EU. If You wish to discuss the topic in more details do not hesitate to contact me.
These new currencies try to avoid the negative effects of the current monetary system on the stability and sustainability (see Lietaer), specially the way in which money is created by banking system today and the effects on the debt imperative which drives a groth imperative.
The University of the West Indies at Mona
Thank you very much to everyone. During my research I found the very interesting project of Freecoin:
One remark: I see money only as a product because money is not having a defined unit to measure values. This is because there is no defined one part of economy for a reference for one part of money.
EBITDA has been widely in finance as metric for both valuation and securities pricing analysis. Pundits for EBITDA argue that it is a sound…
Everyone seems to quote market cap (price*total volume) but this seems to be of pretty limited value, particularly if you want to have a measure…
While it is highly unlikely that the currency application of Bitcoin will become the standard, international currency, it is very likely that the technology underlying it will become useful for reducing the need for trust, something which the current monetary system heavily depends on.
Mary Mellor explores the history of money and modern banking, showing how finance capital has captured bank-created money to enhance speculative leveraged profits as well as destroying collective approaches to economic life. Meanwhile, most individuals, and the public economy, have been mired in debt. To correct this obvious injustice, Mellor proposes a public and democratic future for money. Ways are put forward for structuring the money and banking system to provision societies on an equitable, ecologically sustainable sufficiency basis.
Hi Stefano: when studying the future of cryptocurrencies you should take into consideration the potential regulatory deterrents that may emerge as Central Banks and Local Governments start paying more attention to these competing currencies. I have attached a couple of links related to recent articles (both scholar + media) to shed light on this matter.
Is EBITDA (Earnings Before Interest, Tax, Depreciation, and Amortization) an incredulous valuation metric?
See please a relevant disussion in the same subject:
In my perception the cryptocurrency will be associate with all techno-devices and gadgets in the future. I am doing about cryptocurrency and Games (video-games) can you share some bibliography with me? Thanks.
Oliver Chittenden was born in 1976. He attended Wellesley House in Kent, and then Harrow School before studying Politics & Sociology at Bristol University. Through his work for The London Speaker Bureau, he has worked as an agent to many of the worlds most inspiring leaders in Business, Politics and Sport for the past 10 years. In 2008 he published his first book, Inspire, which looked at the lives of some of the UKs most well known heroes. Oliver lives between London and Montelimar in Southern France
Bitcoin and the World of Digital Currencies
