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Blockchain
book

Blockchain

by Harvard Business Review, Catherine Tucker, Don Tapscott, Marco Iansiti, Karim R. Lakhani
August 2019
Intermediate to advanced
160 pages
2h 36m
English
Harvard Business Review Press
Audiobook available
Content preview from Blockchain

 

8

AS CRYPTOCURRENCIES RISE, WHO NEEDS BANKS?

by Antonio Fatás and Beatrice Weder di Mauro

Do you value bitcoin in dollars or dollars in bitcoin? Few serious economists imagine that the new cryptocurrencies, for all the hype, will make national currencies redundant. By and large they are right, because conventional money actually does a pretty good job. The U.S. dollar and other reserve currencies have historically performed well as a medium of exchange and as a store of value—the two principal functions of a currency. Bitcoin and its derivatives perform poorly on both accounts and will not disrupt money as we know it.

But that doesn’t mean that new technologies aren’t going to usher in a lot of disruption to the financial system. Traditional ...

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Publisher Resources

ISBN: 9781633697928