The issue of “true” money in front of the BitCoin’s offensive
The issue of money, beyond what is usually meant by the very words “money issue” was and still is a subject of interest for a heterogeneous public, going beyond time and being the subject of numerous studies and regulations since ancient time. Over centuries, the money had different forms, and the c...
| Published in: | Theoretical and Applied Economics |
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| Main Authors: | , |
| Format: | Article |
| Language: | English |
| Published: |
General Association of Economists from Romania
2015-06-01
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| Subjects: | |
| Online Access: |
http://store.ectap.ro/articole/1084.pdf
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| Summary: | The issue of money, beyond what is usually meant by the very words “money
issue” was and still is a subject of interest for a heterogeneous public, going beyond time
and being the subject of numerous studies and regulations since ancient time. Over
centuries, the money had different forms, and the controversies surrounding them were
numerous. Currently, one of the problems is related to the emergence and use of virtual
money, seen from the perspective of private currency. The question that occurs frequently
in the talks of several economists is related to the ability of virtual money to survive.
History has shown that man has the capacity to find ways which can “avoid” prohibitions
of various types, being able, even in the case of money to find alternatives to the official
currency. Is the BitCoin that private currency which will have the longest life? And if so,
how long it will run in parallel with the traditional currency? Based on these questions, this
paper aims at presenting the main aspects of the BitCoin, starting from specialized
literature and reaching the Romanian reality. |
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| ISSN: | 1841-8678 1844-0029 |