Journal Article

Is Bitcoin a Waste of Resources?


Abstract: Do Bitcoin and other cryptocurrencies play a useful social role, or do they represent a social waste? Bitcoin is a decentralized recordkeeping system, with updating of the record of transactions in the blockchain.

JEL Classification: E50; G23; E59;

https://doi.org/10.20955/r.2018.107-15

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Bibliographic Information

Provider: Federal Reserve Bank of St. Louis

Part of Series: Review

Publication Date: 2018

Volume: 100

Issue: 2

Pages: 107-15