Ghost Money: An Introduction to Bitcoin and Cryptocurrencies

... published by The Cato Institute The goal of the article is to describe the main economic features of the cryptocurrency market, and to discuss whether or not the market is a bubble. The article begins by describing cryptocurrencies as a whole, comparing Bitcoins and other cryptocurrencies to currencies issued by governments, as well as describing the growth of the cryptocurrency market. It also describes cryptocurrencies potential as a cheap and easy way to exchange other currencies, assisted by its free-entrance and accessibility....