Economics beyond financial intermediation

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dc.contributor.author Ammous, Saifedean
dc.date.accessioned 2016-05-31T12:36:23Z
dc.date.available 2016-05-31T12:36:23Z
dc.date.copyright 2015 en_US
dc.date.issued 2016-05-31
dc.identifier.issn 0890-913X en_US
dc.identifier.uri http://hdl.handle.net/10725/3915 en_US
dc.description.abstract Bitcoin is the first technology for the final transfer of digital goods online, facilitating instant global payments without intermediation. Bitcoin's operation is based on a distributed, decentralized, and transparent asset ledger that acts as an ongoing chain record of all transactions. The system issues coins to reward those who contribute processing power to the network's operation. The possibilities created by this innovation are significant for the world's poor, who could skip traditional political and financial institutions and move to digital currencies in the same way they have gone straight to using mobile phones and skipped landline telephones. en_US
dc.language.iso en en_US
dc.title Economics beyond financial intermediation en_US
dc.type Article en_US
dc.description.version Published en_US
dc.title.subtitle Digital Currencies' Possibilities for Growth, Poverty Alleviation, and International Development en_US
dc.author.school SOB en_US
dc.author.idnumber 200905039 en_US
dc.author.department Department of Economics (ECON) en_US
dc.description.embargo N/A en_US
dc.relation.journal Journal of Private Enterprise en_US
dc.journal.volume 30 en_US
dc.journal.issue 3 en_US
dc.article.pages 19-50 en_US
dc.keywords Bitcoin en_US
dc.keywords Innovation en_US
dc.keywords Finance en_US
dc.keywords Development en_US
dc.identifier.ctation Ammous, S. (2015). Economics beyond Financial Intermediation: Digital Currencies' Possibilities for Growth, Poverty Alleviation, and International Development. Journal of Private Enterprise, 30(3), 19. en_US
dc.author.email saifedean.ammous@lau.edu.lb en_US
dc.identifier.tou http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php en_US
dc.identifier.url http://search.proquest.com/docview/1707803968?pq-origsite=gscholar en_US

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