an Overview of the cryptocurrencies; the theory of money perspective
Künye
Arıkan, N. İ. (2020). AN OVERVIEW OF THE CRYPTOCURRENCIES; THE THEORY OF MONEY PERSPECTIVE . Malatya Turgut Özal Üniversitesi İşletme ve Yönetim Bilimleri Dergisi , 1 (2) , 147-165 .Özet
Before the invention of writing, which took place around 3200 B.C., commercial
activities were carried out with small symbols named "Token", each representing
different goods and services. It can be claim that the crypto tokens and crypto coins
used today are digital and current versions of historical Tokens. As there is no regular
transition from commodity money to fiat money, the transition from paper money to
digital will not be outright just like a symmetrical line. Indeed, history is not a linear
process. 2008 and 2009 were the years when both the global crisis happened where the
trust in the traditional financial system was shaken and Bitcoin and its derivatives
emerged as alternative de facto fiscal instruments. It is observed that crypto currencies
still cannot fulfil the three basic functions of money. However, in the historical process,
the definition and characteristics of money have changed and developed. Based on this
thesis and the effect of smart contracts, the cryptocurrency community claims that
cryptocurrencies are / will be more than money.
Kaynak
Malatya Turgut Özal Üniversitesi İşletme ve Yönetim Bilimleri DergisiCilt
1Sayı
2Bağlantı
https://dergipark.org.tr/tr/pub/mtuiyb/issue/57000/778034https://hdl.handle.net/20.500.12899/995