Search Results

Is Bitcoin a Waste of Resources? - Review

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.

research.stlouisfed.org/publications/review/2018/02/13/is-bitcoin-a-waste-of-resources

Bitcoin: Money or Financial Investment? - Page One Economics®

Bitcoin has become a cultural and financial phenomenon. While many people have heard of Bitcoin, far fewer understand it. In short, Bitcoin is a digital currency, or "cryptocurrency," that allows person-to-person transactions independent of the banking system.

research.stlouisfed.org/.../page1-econ/2018/03/01/bitcoin-money-or-financial-investment/

Where Does Bitcoin Fit In the Economy? - Cryptocurrencies and Fintech

Do Bitcoin and other cryptocurrencies play a useful social role, or do they represent a social waste? Steven Williamson explains what Bitcoin is, the role it can play in the economy, and whether or not these digital currencies should be supplied by central banks.

research.stlouisfed.org/publications/review/2018/02/13/is-bitcoin-a-waste-of-resources

Bitcoin: Beyond the Basics - Cryptocurrencies and Fintech

In a recent St. Louis Fed podcast, Vice President of Research David Andolfatto talked blockchain, transparency, and the potential utility of government-sponsored cryptocurrencies.

research.stlouisfed.org/.../publications/cryptocurrencies-and-fintech//bitcoin-beyond-the-basics/

Bitcoin: An Overview - Cryptocurrencies and Fintech

Bitcoin has become a cultural and financial phenomenon, but what is it and is it a worthwhile investment? Senior Economic Education Specialist Scott Wolla provides an overview of Bitcoin and its possibilities.

research.stlouisfed.org/.../page1-econ/2018/03/01/bitcoin-money-or-financial-investment

FRED Adds Cryptocurrency Series - Cryptocurrencies and Fintech

Bitcoin, Bitcoin Cash, Ethereum, and Litecoin price data are now available on FRED.

research.stlouisfed.org/.../cryptocurrencies-and-fintech//fred-adds-cryptocurrency-series/

The Case for Central Bank Electronic Money and the Non-case for Central Bank Cryptocurrencies - Review

We characterize various currencies according to their control structure, focusing on cryptocurrencies such as Bitcoin and government-issued fiat money. 

research.stlouisfed.org/.../

A Short Introduction to the World of Cryptocurrencies - Review

This article is a short introduction to cryptocurrencies and blockchain technology. The focus of the introduction is on Bitcoin, but many elements are shared by other blockchain implementations and alternative cryptoassets.

research.stlouisfed.org/.../2018/01/10/a-short-introduction-to-the-world-of-cryptocurrencies

What Are Cryptocurrencies? - Cryptocurrencies and Fintech

Aleksander Berentsen discusses the ideas and motivation behind cryptocurrencies and blockchain technology, providing an explanation of the differences between traditional payments systems and cryptocurrencies and an explanation of Bitcoin transactions.

research.stlouisfed.org/.../2018/01/10/a-short-introduction-to-the-world-of-cryptocurrencies

Blockchain: What It Is, What It Does, and Why You Probably Don’t Need One - Review

All record-keeping systems (which include monetary systems) must contend with trust issues and methods of organizing historical information. Conventional systems rely on the reputation of central authorities and record-keepers to achieve consensus.

research.stlouisfed.org/.../blockchain-what-it-is-what-it-does-and-why-you-probably-dont-need-one