new digital money. This Pivot addresses the foundations of the monetary problem raised by Bitcoin and followers, starting … consider this book an essential guide to the challenging new dimensions of digital money. Augusto Schianchi (M.Phil, Oxon) was …

current Bitcoin scheme generates a large welfare loss of 1.4% of consumption. This welfare loss can be lowered substantially … to 0.08% by adopting an optimal design that reduces mining and relies exclusively on money growth rather than transaction …

seiner Vorherrschaft erreicht. Die Zukunft aber gehört dem digitalen Geld, vor allem dem digitalen Zentralbankgeld, zum …