Posts Tagged: alternative currency
Overcoming the Legitimacy Crisis of Money with Bitcoin?
Beat Weber’s presentation, “Overcoming the Legitimacy Crisis of Money with Bitcoin?” illustrated concerns over whether or not Bitcoin could support functioning economies. Weber’s succinct answer was: Bitcoin can never become legitimate, for it is “unstable by design”. For example, when the number of new users of Bitcoin increase, the value of Bitcoin increases. The value [...]
Bill Maurer: an anthropologist’s take on monetization
Bill Maurer began his session with a statement about the alternative currencies today: “It’s a wild west out there”. Of course, a lot of the emerging payment systems fail along the way. Looking a bit at the origin of alternative currencies, we see the 19th century’s references to the railroad systems. Terms such as “freight” [...]
Alternative currencies become more popular in The Netherlands
Just at the end of last year, the Dutch government was alerting people against trusting alternative currencies such as bitcoin, citing their highly volatile exchange rates and no accountable issuing institution. Apart from the worldwide bitcoin success, local currencies are gaining more and more momentum. In the United Kingdom, London has the Brixton pound. In [...]