Chapter 5: Money, dequity, and the barter economy of the future
Chris Berg, Sinclair Davidson, and Jason Potts
Category:
Monograph Chapter
Published:
30 Aug 2019
Page Range:
74–95
Collection:
Economics 2019
DOI:
https://doi.org/10.4337/9781788975001.00010
Restricted access

This chapter answers the question of whether cryptocurrencies are money. Blockchain tokens do not fit neatly into our categories of financial assets. The chapter asks whether, and how, money is a public good or emergent social institution, and then applies this to crypto-tokens. Money can be seen as ‘dequity’: a unique instrument with the features of both debt and equity. The chapter then considers the evolution of money in a world of a multiplicity of cryptocurrencies and other technologies – such as artificial intelligence – that allow for barter transactions to occur at a low cost.

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Cover Understanding the Blockchain Economy
Understanding the Blockchain Economy
Monograph Book
Published:
30 Aug 2019
Print ISBN:
9781788974998
eISBN:
9781788975001
DOI:
https://doi.org/10.4337/9781788975001
Pages:
c 224
Collection:
Economics 2019
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