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[null,"1.","Record Nr.",null,"UNINA9910760281303321"]
[null,null,"Autore",null,"Schianchi Augusto"]
[null,null,"Titolo",null,"The Economics of Cryptocurrencies and Digital Money : A Monetary Framework with a Game Theory Approach"]
[null,null,"Pubbl/distr/stampa",null,"Cham : , : Springer International Publishing AG, , 2023"]
[{"$nulls":4},"©2023"]
[null,null,"ISBN",null,"3-031-44248-2"]
[null,null,"Edizione",null,"[1st ed.]"]
[null,null,"Descrizione fisica",null,"1 online resource (178 pages)"]
[null,null,"Collana",null,"Palgrave Studies in Financial Services Technology Series"]
[null,null,"Disciplina",null,"332.4"]
[null,null,"Lingua di pubblicazione",null,"Inglese"]
[null,null,"Formato",null,"Materiale a stampa"]
[{"$nulls":3},"Livello bibliografico","Monografia"]
[null,null,"Nota di contenuto",null,"Intro -- Preface -- Contents -- Abbreviations -- List of Figures -- 1 Introduction -- 1.1 A Recent History -- 1.1.1 Digital Information Transfer and Pure Credit -- 1.1.2 The Crypto Downfall -- 1.2 A Game Theoretic Approach -- 1.2.1 Competitiveness, Exit, and Best Responses -- 1.2.2 Other Incentives -- 1.3 A Monetary Arena -- 1.3.1 Evolving Digital Payments -- 1.3.2 Physical Cash -- References -- 2 Blockchain, Decentralized Consensus, and Trust -- 2.1 Blockchain and Decentralized Consensus -- 2.1.1 Hashing and Proof-of-Work -- 2.1.2 Time-Stamping -- 2.1.3 Decentralized Consensus -- 2.1.4 Miners and Pools -- 2.1.5 Proof-of-Stake -- 2.2 Trust -- 2.2.1 No Questions Asked -- 2.2.2 Safe Assets and Collateralization -- 2.2.3 The Inherent Hierarchy of Money -- 2.2.4 Bank Runs -- 2.2.5 Trust -- Appendix: Chartalists and Metallists -- References -- 3 The Basic Mining Game -- 3.1 Mining Games -- 3.2 An Axiomatic Approach -- 3.3 Best Responses -- 3.4 Uniqueness of Nash Equilibrium -- 3.5 Cost Competitiveness and Entry Thresholds -- 3.6 The Connection Between X and Y -- 3.7 Highlights -- References -- 4 Higher Level Models -- 4.1 Instrumental Game Theory -- 4.2 Vertical Integration: Sale and Operation of Specialized Hardware -- 4.2.1 The Interpretation of the Selection Rule -- 4.3 Investment in State-of-the-Art Hardware -- 4.4 The Implications of Mining Pools -- 4.5 Users, Miners, and Block Composition -- 4.5.1 Game Form and Key Results -- 4.5.2 Connection with the Basic Mining Game and the Linear Aggregator -- 4.5.3 An Instrumental Model -- 4.6 Overview -- 4.7 Emergent Phenomena and Equilibrium Selection -- 4.7.1 The Limits of Backward Induction -- 4.7.2 Evolution and Coordination -- References -- 5 The Future "]
[{"$nulls":4},"Monetary System -- 5.1 Digital Innovations and Evolving Institutions -- 5.2 The Future Monetary System -- 5.2.1 From Libra to Diem -- 5.3 Stablecoins."]
[{"$nulls":4},"5.3.1 Basic Questions -- 5.3.2 More Refined Questions -- 5.3.3 Terra and Luna -- 5.4 Central Bank Digital Currency -- 5.4.1 Bank of England -- 5.4.2 European Central Bank -- 5.4.3 Sveriges Riksbank -- 5.4.4 Uncharted Territory -- References -- 6 Regulation -- 6.1 A Case Study -- 6.2 Basic Ideas -- 6.3 Stablecoins as Privately Produced Money -- 6.4 What is a Bank -- References -- 7 Conclusions -- Index."]