03160nam 2200589 450 991080690850332120230126212445.00-255-36699-X0-255-36661-2(CKB)3710000000290993(EBL)1865601(SSID)ssj0001435481(PQKBManifestationID)11902161(PQKBTitleCode)TC0001435481(PQKBWorkID)11429202(PQKB)11162658(MiAaPQ)EBC1865601(EXLCZ)99371000000029099320141219h20142014 uy 0engur|n|---|||||txtccrNew private monies a bit-part player? /Kevin DowdLondon, [England] :The Institute of Economic Affairs,2014.©20141 online resource (115 p.)Hobart PapersDescription based upon print version of record.1-322-40389-9 0-255-36694-9 Includes bibliographical references.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 BitcoinIn 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?; ReferencesKevin 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 Hobart PapersMoneyEconomic aspectsMonetary policyMathematical modelsElectronic funds transfersSocial aspectsMoneyEconomic aspects.Monetary policyMathematical models.Electronic funds transfersSocial aspects.330.4Dowd Kevin117350MiAaPQMiAaPQMiAaPQBOOK9910806908503321New private monies3953228UNINA