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Theory and Reality of Cryptocurrency Governance

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Theory_and_Reality_of_Cryptocurrency_Governance.pdf (519.56 KB)

Publication date

2019-04-03

Authors

Spithoven, AntoonISNI 0000000115932562

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Supervisors

DOI

https://doi.org/10.1080/00213624.2019.1594518

Document Type

Article

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Utrecht University Repository
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Abstract

I analyze cryptocurrency ecosystems with Elinor Ostrom’s meta-framework for self-governance. I conclude that Bitcoin falls short in its self-governing ambitions, while cryptocurrency software protocols and blockchain technologies have potentialities within “permissioned” peer-to-peer private or hybrid networks. However, regulation and supervision by trusted third parties are required.

Keywords

cryptocurrency, governance, General Business,Management and Accounting, Economics and Econometrics

Citation

Spithoven, A 2019, 'Theory and Reality of Cryptocurrency Governance', Journal of Economic Issues, vol. 53, no. 2, pp. 385-393. https://doi.org/10.1080/00213624.2019.1594518

URI

http://hdl.handle.net/1874/381099