Browse by Author "Podhorsky, Andrea"

  • Bursting the Bitcoin Bubble: Assessing the Fundamental Value and Social Costs of Bitcoin 

    Podhorsky, Andrea (Asian Development Bank Institute, 2019-03-15)
    This paper develops a microeconomic model of bitcoin production to analyze the economic effects of the Bitcoin protocol. I view the bitcoin as a tradable commodity that is produced by miners and whose supply is managed by the protocol. The findings ...