Thursday, 4 March 2021

Is Bitcoin Really Frictionless?: A Replay from Liberty Street Economics

  
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LIBERTY STREET ECONOMICS REPLAY


 

Is Bitcoin Really Frictionless?: A Replay from Liberty Street Economics

 

Advocates for bitcoin assert that the virtual currency can remove frictions—fees, time, and risk associated with transferring value—in payment and settlement systems. In a post from our Liberty Street Economics archive, the authors show that although bitcoin transfers are relatively frictionless, there are significant frictions when bitcoins trade in exchange markets.

 

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Check out other posts on cryptocurrencies

Deciphering American's Views on Cryptocurrencies

Token- or Account-Based? A Digital Currency Can Be Both


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