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V. Cryptocurrencies: looking beyond the hype
Cryptocurrencies' decentralised model of generating trust limits their potential to replace conventional money, Chapter V of the Annual Economic Report 2018 argues.
This chapter evaluates whether cryptocurrencies could play any role as money: looking beyond the hype, what specific economic problems, if any, can current cryptocurrencies solve? The chapter then gives an introduction to cryptocurrencies and discusses the economic limitations inherent in the decentralised creation of trust which they entail.
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