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Why Bitcoin has value

Published: 01 May 2014 Publication History

Abstract

Evaluating the evolving controversial digital currency.

References

[1]
Andreesen, M. Why Bitcoin matters. The New York Times Dealbook (Jan. 21, 2014); http://nyti.ms/1fU5Flh.
[2]
Benbya, H. and Van Alstyne, M. How to find answers within your company. MIT Sloan Management Review 52, 2 (2010), 65--75. http://ssrn.com/abstract=1652432
[3]
Bogle, A. Is accepting bitcoins just a publicity stunt for companies? Slate (Feb. 5, 2014); http://slate.me/1fU5G90.
[4]
Clinch, M. Bitcoin recognized by Germany as 'private money'. (Aug. 19, 2013); http://cnb.cx/1nN3KzR.
[5]
Greeley, B. The dollar will never fall to bitcoin. (Jan. 31, 2014); http://bit.ly/1cTGLMH.
[6]
Greenberg, A. FBI says it's seized 28.5M in bitcoins from Ross Ulbricht, alleged owner of silk road. (Oct. 25, 2013); http://onforb.es/1oMRzll.
[7]
Hackers stole $45 million in ATM card breach. USA Today (May 10, 2013); http://usat.ly/1fU5RB3.
[8]
Jackson, E. and Grey, C. Bitcoin is the new Paypal. TechCrunch (Feb. 20, 2014); http://tcrn.ch/1fqELeT.
[9]
Knight, W. Leading economist predicts bitcoin backlash. MIT Technology Review (Oct. 14, 2013); http://bit.ly/1gq8eXj.
[10]
Krugman, P. Bitcoin is evil. The New York Times; (Dec. 28, 2013); http://nyti.ms/1cRt6LK.
[11]
McMillan, R. Bitcoin exchange Mt. Gox goes offline amid allegations of $350 million hack. Wired (Feb. 24, 2014); http://wrd.cm/1esBegz.
[12]
Shen, D., Van Alstyne, M., Lippman, A., and Benbya, H. Barter: Mechanism design for a market incented wisdom exchange. In Proceedings of the ACM 2012 Conference on Computer Supported Cooperative Work (February 2012), 275--284; http://dl.acm.org/citation.cfm?id=2145250
[13]
Simonite, T. What bitcoin is and why it matters. MIT Technology Review (May 25, 2011); http://bit.ly/1gq8eXj.

Cited By

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  • (2024)Predicting asset price with large volatility based on marine predators algorithm: a case study of BitcoinSSRN Electronic Journal10.2139/ssrn.4737410Online publication date: 2024
  • (2024)Financial and market risks of bitcoin adoption as legal tender: evidence from El SalvadorHumanities and Social Sciences Communications10.1057/s41599-024-03908-311:1Online publication date: 22-Oct-2024
  • (2024)Bitcoin’s bubbly behaviors: does it resemble other financial bubbles of the past?Humanities and Social Sciences Communications10.1057/s41599-024-03220-011:1Online publication date: 3-Jun-2024
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Information & Contributors

Information

Published In

cover image Communications of the ACM
Communications of the ACM  Volume 57, Issue 5
May 2014
110 pages
ISSN:0001-0782
EISSN:1557-7317
DOI:10.1145/2594413
  • Editor:
  • Moshe Y. Vardi
Issue’s Table of Contents
Permission to make digital or hard copies of part or all of this work for personal or classroom use is granted without fee provided that copies are not made or distributed for profit or commercial advantage and that copies bear this notice and the full citation on the first page. Copyrights for third-party components of this work must be honored. For all other uses, contact the Owner/Author.

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Association for Computing Machinery

New York, NY, United States

Publication History

Published: 01 May 2014
Published in CACM Volume 57, Issue 5

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Cited By

View all
  • (2024)Predicting asset price with large volatility based on marine predators algorithm: a case study of BitcoinSSRN Electronic Journal10.2139/ssrn.4737410Online publication date: 2024
  • (2024)Financial and market risks of bitcoin adoption as legal tender: evidence from El SalvadorHumanities and Social Sciences Communications10.1057/s41599-024-03908-311:1Online publication date: 22-Oct-2024
  • (2024)Bitcoin’s bubbly behaviors: does it resemble other financial bubbles of the past?Humanities and Social Sciences Communications10.1057/s41599-024-03220-011:1Online publication date: 3-Jun-2024
  • (2024)Energy consumption by cryptocurrency: A bibliometric analysis revealing research trends and insightsEnergy Nexus10.1016/j.nexus.2024.10027413(100274)Online publication date: Mar-2024
  • (2024)Dynamic volatility spillover among cryptocurrencies and energy markets: An empirical analysis based on a multilevel complex networkThe North American Journal of Economics and Finance10.1016/j.najef.2023.10203569(102035)Online publication date: Jan-2024
  • (2023)A Survey on Blockchain and Cryptocurrency-Based SystemsHandbook of Research on Blockchain Technology and the Digitalization of the Supply Chain10.4018/978-1-6684-7455-6.ch018(364-397)Online publication date: 21-Apr-2023
  • (2023)Tracing Knowledge Diffusion Trajectories in Scholarly Bitcoin Research: Co-Word and Main Path AnalysesJournal of Risk and Financial Management10.3390/jrfm1608035516:8(355)Online publication date: 27-Jul-2023
  • (2023)Interdependence between online peer‐to‐peer lending and cryptocurrency markets and its effects on financial inclusionProduction and Operations Management10.1111/poms.1395032:6(1939-1957)Online publication date: 1-Jun-2023
  • (2023)A broader perspective on cryptocurrency trading: consumer-driven value, online communities and heuristics are drivers for consumer behaviourJournal of Money and Business10.1108/JMB-05-2023-00183:2(137-146)Online publication date: 12-Sep-2023
  • (2023)Valuation of Cryptocurrency Without Intrinsic Value: A Promise of Future Payment System and Implications to De-dollarizationEastern Economic Journal10.1057/s41302-023-00237-249:2(221-248)Online publication date: 21-Jan-2023
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