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2020 | OriginalPaper | Buchkapitel

Bitcoin’s Deviations from Satoshi’s World

verfasst von : Naoyuki Iwashita

Erschienen in: Advanced Studies of Financial Technologies and Cryptocurrency Markets

Verlag: Springer Singapore

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Abstract

After several years of the proposal and implementation of Bitcoin by Satoshi Nakamoto, people in the world were enthusiastic about crypto-assets. However, the market prices of crypto-assets are too unstable to use as a payment method. After many cyber-attack incidents, the confidence in the security of crypto-asset exchanges has also been compromised. Satoshi proposed Bitcoin to realize anonymous payment to protect individual privacy. Actual crypto-assets have changed from the original concept. The main reason for this deviation was the reality that ordinary investors cannot manage their secret keys securely. In this chapter, the reasons for this deviation are investigated.

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Nächstes Kapitel Hodge Decomposition of Bitcoin Money Flow

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The reward is programmed to decline to 6.25 BTC in mid-May 2020. This event is called “Halving.”

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Titel: Bitcoin’s Deviations from Satoshi’s World
verfasst von: Naoyuki Iwashita
Verlag: Springer Singapore
Buch: Advanced Studies of Financial Technologies and Cryptocurrency Markets
Print ISBN: 978-981-15-4497-2

Electronic ISBN: 978-981-15-4498-9

Copyright-Jahr: 2020
DOI: https://doi.org/10.1007/978-981-15-4498-9_6