1.

Record Nr.

UNINA9910806908503321

Autore

Dowd Kevin

Titolo

New private monies : a bit-part player? / / Kevin Dowd

Pubbl/distr/stampa

London, [England] : , : The Institute of Economic Affairs, , 2014

©2014

ISBN

0-255-36699-X

0-255-36661-2

Descrizione fisica

1 online resource (115 p.)

Collana

Hobart Papers

Disciplina

330.4

Soggetti

Money - Economic aspects

Monetary policy - Mathematical models

Electronic funds transfers - Social aspects

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

Foreword; The author; Acknowledgements; Summary; figures; Introduction; The liberty dollar; Trading Liberty Dollars for greenbacks; Liberty Dollar notes; The Liberty Dollar in exchange and as a store of value; The Liberty Dollar and the law in the land of liberty; Digital currency; Digital gold currency; Cryptocurrency: bitcoin; The supply of Bitcoin; Figure 1Stock of Bitcoin; The demand for Bitcoin; History of the Bitcoin market; Figure 2Bitcoin market prices and quantities traded; Current state of the Bitcoin market; Threats to Bitcoin; The future of Bitcoin

In the long run, is Bitcoin dead?Broader implications of cryptocurrency; Free trade: the Silk Road; Financial freedom; Conclusions; Contemporary private money and the functions of money; Regulation of contemporary private monies; Cryptocurrencies and the transformation of society?; References

Sommario/riassunto

Kevin Dowd argues that states must allow a level playing field as far as private money is concerned. For too long the government has stifled competition between state-backed and private currencies. Instead, central banks should welcome competition as it forces them to offer consumers greater choice and improved quality. A weakened ability to store value, growing restrictions on finance, oppressive taxes and a



lack of financial privacy have resulted in growing frustration at state controlled money. The superior nature of private currencies combined with the financial freedom they offer has led