The Economic Limits of Bitcoin and the Blockchain
Publish Date: 05-06-2018
Source: Chicago Booth
Synopsis: In particular, the model suggests that Bitcoin would be majority attacked if it became sufficiently economically important — e.g., if it became a “store of value” akin to gold — which suggests that there are intrinsic economic limits to how economically important it can become in the first place.
Public Link: https://faculty.chicagobooth.edu/eric.budish/research/Economic-Limits-Bitcoin-Blockchain.pdf
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