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Bitcoin: Bubble or Blockchain

  • Philip Godsiff
Conference paper
Part of the Smart Innovation, Systems and Technologies book series (SIST, volume 38)

Abstract

This paper sets out a brief, deliberately non-technical, overview of Bitcoin, a new, but becoming more mainstream, crypto currency, generated and managed by a distributed multi–agent system. Bitcoin was developed in late 2008 by “Satoshi Nakamoto”. The nature of Bitcoin as a disruptive currency, payments system and asset, is juxtaposed against the potential for its transactional ledger, the blockchain, to usher in a revolutionary way of recording “digital truth”. The main contribution of this paper is to progress the debate around Bitcoin beyond the technical and towards legal and ethical issues and the nature of money and memory itself.

Keywords

Bitcoin Cryptocurrency Money Regulation Disruption Community 

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Copyright information

© Springer International Publishing Switzerland 2015

Authors and Affiliations

  1. 1.University of Exeter Business SchoolExeterUK

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