Download or read book Metcalfe s Law as a Model for Bitcoin s Value written by Timothy Peterson and published by . This book was released on 2020 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper demonstrates that bitcoin's medium- to long-term price follows Metcalfe's law. Bitcoin is modeled as a token digital currency, a medium of exchange with no intrinsic value that is transacted within a defined electronic network. Per Metcalfe's law, the value of a network is a function of the number of pairs transactions possible, and is proportional to n-squared. A Gompertz curve is used to model the inflationary effects associated with the creation of new bitcoin. The result is a parsimonious model of supply (number of bitcoins) and demand (number of bitcoin wallets), with the conclusion bitcoin's price fits Metcalfe's law exceptionally well. Metcalfe's law is used to investigate Gandal's et.al. [2018] assertion of price manipulation in the Bitcoin ecosystem during 2013-2014.
Download or read book Does Metcalfe s Law Explain Bitcoin Prices A Time Series Analysis written by Jamil Civitarese and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Metcalfe's Law argues the value of a network is proportional to the square of its users. Bitcoin and other cryptocurrencies can be modeled as such: if Metcalfe's Law is true, then it is possible to forecast prices using the size of the network. I test this assertion by a cointegration test between price and an adjusted number of wallets' connections. It is stated that the series do not cointegrate, rejecting the Metcalfe's Law. A first-differences model is employed to further analyse the relation between returns and variations in the number of wallets. It is stated that Metcalfe's Law consistently predicts the trend in the value of Bitcoin; nevertheless, it is not possible to reject the reverse causation of Bitcoin returns leading to new wallets.
Download or read book An Alternative Model of Metcalfe s Law for Valuing Bitcoin written by Ben Van Vliet and published by . This book was released on 2018 with total page 10 pages. Available in PDF, EPUB and Kindle. Book excerpt: This short paper presents a new model of the market capitalization of Bitcoin that builds upon a standard model based upon Metcalfe's Law. The model incorporates the logistic diffusion of the innovation, which could be extended to capture population and economic factors. This model appears to have some improved efficacy over the standard model. Using this model, some areas for future research are briefly discussed.
Download or read book Mastering Crypto Assets written by Martin Leinweber and published by John Wiley & Sons. This book was released on 2024-01-18 with total page 359 pages. Available in PDF, EPUB and Kindle. Book excerpt: A definitive, all-encompassing book on digital assets of all types for investors In Mastering Crypto Assets: Investing in Bitcoin, Ethereum and Beyond, a team of seasoned investors and digital asset strategists presents a comprehensive guide aimed at institutional and professional investors for integrating crypto assets into traditional portfolios. The book offers in-depth explanations of the structure of this new asset class and its impact on investment portfolios. It guides readers on using fundamental and quantitative criteria to select blockchain-based assets, grounded in a robust foundation of knowledge and evidence. The authors demonstrate how to apply quantitative valuation concepts to digital assets like Bitcoin, understanding their role as digital stores of value in a traditional investment portfolio. The book also delves into the unique risk and return characteristics of various digital asset sectors, adapting conventional investing methods to the digital realm. It goes beyond direct crypto asset investments, introducing related equities and strategies for accessing digital assets in restricted settings. It discusses both indexed and active strategies in the context of crypto assets. A key feature of the book is exclusive interviews with industry figures such as Jan van Eck (VanEck), Peter L. Brandt (Legendary Trader), and Fred Thiel (Marathon Digital), with these interviews accessible through QR codes in the book for extended video content. This provides a dynamic and interactive learning experience. Moreover, the book benefits from invaluable research assistance from Figment and CCData, enriching its analytical depth. It also includes insightful guest articles from digital asset experts like Matthew Sigel (VanEck), Marco Manoppo (Digital Asset Research), Marcel Kasumovich (Coinbase Asset Management), Timothy Peterson (Cane Island Digital Research), Gregory Mall and Rohan Misra (AMINA), and thought leaders from Token Terminal. Mastering Crypto Assets is an invaluable resource not just for institutional and individual investors, but for anyone keen on adopting a sound, evidence-based approach to digital asset investment.
Download or read book Are Bitcoin Bubbles Predictable written by Spencer Wheatley and published by . This book was released on 2018 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Metcalfe s Law and Log period Power Laws in the Cryptocurrencies Market written by Daniel Traian Pele and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper the authors investigate the statistical properties of some cryptocurrencies by using three layers of analysis: alpha-stable distributions, Metcalfe's law and the bubble behaviour through the LPPL modelling. The results show, in the medium to long-run, the validity of Metcalfe's law (the value of a network is proportional to the square of the number of connected users of the system) for the evaluation of cryptocurrencies; however, in the short-run, the validity of Metcalfe's law for Bitcoin is questionable. According to the bidirectional causality between the price and the network size, the expected price increase is a driver for more investors to join the Bitcoin network, which may lead in the end to a super-exponential price growth, possibly due to a herding behaviour of investors. The authors then used LPPL models to capture the behaviour of cryptocurrencies exchange rates during an endogenous bubble and to predict the most probable time of the regime switching. The main conclusion of this paper is that Metcalfe's law may be valid in the long-run, however in the short-run, on various data regimes, its validity is highly debatable.
Download or read book Some Fundamentals of Mathematics of Blockchain written by Julien Riposo and published by Springer Nature. This book was released on 2023-06-06 with total page 155 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a foundation for the mathematics of blockchain. It is inspired by a general analysis and synthesis of the current knowledge of blockchain technology and starts by laying a foundation for the mathematics of blockchain. The aim is for research in the area of blockchain to lead their study from the construction highlighted in this book. First, the basis of a blockchain is set: block, transaction contents, block header, Merkle tree, nonce, Proof-of-Work. Connections with elliptic curves and cryptographic signatures are made. Second, the book ties this with a Graph and Matrix Theories approach and models the peer-to-peer relationship through the Bitcoin Network. Third, it is proposed further modelling, notably around halving, optimal storing, or diffusion of information, which are consequences of the mathematical foundation. The notion of Entropy of Privacy and the Particles model are introduced. Finally, the mathematical statements therein are proven and essential reminders can be found before each section, so the content can be accessible from a graduate level.
Download or read book The Debauchery of Currency written by Timothy F. Peterson and published by Freedom Fortune Press. This book was released on 2023-05-21 with total page 219 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The Debauchery of Currency: A Bloody History of Money" is an unconventional textbook that takes you on a shocking journey through the tumultuous history of money. This captivating book uncovers the consequences of poor monetary economics and explains the fundamental concepts of money itself. It sheds light on the nature and value of money, explaining why gold and bitcoin serve as protection against the ravaging effects of currency debasement. In this book, you will learn how inflation and debt have destroyed societies through war and bloodshed. It explains the web of trust, scarcity, and societal consensus underlying the worth of money. From ancient civilizations to modern economies, "The Debauchery of Currency" provides insight into the causes of the violent cycles of wealth creation and destruction. With meticulously crafted content, this book offers valuable insights into how the turbulent past of money led to Bitcoin being called "digital gold." It examines how Bitcoin aligns with the principles of good money established throughout history. This fresh perspective on the evolving finance landscape helps you understand why Bitcoin resonates as a groundbreaking form of currency. "The Debauchery of Currency" is not just informative—it is a thought-provoking journey that brings history to life. Through engaging examples and a comprehensive glossary, it serves as an invaluable resource for both seasoned investors and beginners. This concise guide breaks down complex concepts into easily digestible chapters, ensuring accessibility and engagement for all readers.
Download or read book Bitcoin written by Jasbir Singh and published by Jasbir Singh. This book was released on 2024-01-28 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bitcoin may be the greatest earthly treasure known to man, and the antidote to our broken, centralized, traditional financial system. In this ebook, Bitcoin - A Catholic View, I share my views about the morality of work and money from a Catholic perspective. When money functions poorly, as is the case with government-issued currencies, then it results in a broken and unjust system. However, when money is sound, as is the case with bitcoin, then there is hope of producing a fair and just financial system for every individual, regardless of where they live and what government system they are subjected to. You will learn about the technology behind bitcoin and how it works, as well as its financial implications as a digital asset. I have also shared a set of Ten Commandments that I think can help anyone become financially literate with the hope of achieving financial freedom. Copyright © 2024 by Jasbir Singh
Download or read book Architectures and Frameworks for Developing and Applying Blockchain Technology written by Shi, Nansi and published by IGI Global. This book was released on 2019-06-28 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: The blockchain revolution has drastically impacted global economics and the strategic practices within different industries. Cryptocurrency specifically has forever changed the face of business and the implementation of business online. While innovative, people are still in the early stages of building and developing blockchain technology and its applications, and it is critical that researchers and practitioners obtain a better understanding of this global phenomenon. Architectures and Frameworks for Developing and Applying Blockchain Technology is an essential reference source that presents the technological foundation, recent research findings, developments, and critical issues associated with blockchain technology from both computer science and social science perspectives. Featuring topics such as artificial intelligence, digital economy, and network technology, this book is ideally designed for academics, researchers, industry leaders, IT consultants, engineers, programmers, practitioners, government officials, policymakers, and students.
Download or read book Cryptofinance A New Currency For A New Economy written by Stephane Goutte and published by World Scientific. This book was released on 2021-10-13 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: The rapid advancement in encryption and network computing gave birth to new tools and products that have influenced the local and global economy alike. One recent and notable example is the emergence of virtual currencies, also known as cryptocurrencies or digital currencies. Virtual currencies, such as Bitcoin, introduced a fundamental transformation that affected the way goods, services, and assets are exchanged. Virtual currencies are experiencing an increasing popularity in the financial markets and in portfolio management as can be classified as financial asset or commodities on a scale from pure medium of exchange advantages to pure store of value advantages. As a result of its distributed ledgers based on blockchain, cryptocurrencies offer some unique advantages to the economy, investors, and consumers, but also pose considerable risks to users and challenges for regulators when fitting the new technology into the old legal framework. Bitcoin for example may be useful in risk management and ideal for risk-averse investors in anticipation of negative shocks to the market. The core objective of this proposed book is to provide a comprehensive discussion on the important issues related to cryptocurrencies ranging from pricing, financial, legal to technological aspects.
Download or read book Investing in Cryptocurrencies and Digital Assets written by Keith H. Black and published by John Wiley & Sons. This book was released on 2024-10-08 with total page 359 pages. Available in PDF, EPUB and Kindle. Book excerpt: A must-read roadmap to analyzing, valuing, and investing in cryptocurrency and other digital assets In Investing in Cryptocurrencies and Digital Assets: A Guide to Understanding Technologies, Business Models, Due Diligence, and Valuation, alternative investments expert Dr. Keith Black delivers a compelling and straightforward roadmap for analyzing, valuing, and investing in crypto and other digital assets. You'll learn how to buy crypto directly — and how to keep your new digital assets safe from hacks and fraud — and how to invest indirectly, using stocks, futures, options, and exchange-traded funds. You'll also discover how to conduct extensive due diligence to reduce technology and compliance risks, as well as how to understand the business models that underlie and power these novel technologies. The book also offers: Accessible discussions of and introductions to blockchain and distributed ledger technology, stablecoins, Bitcoin, Ethereum, and other foundational concepts Ways to differentiate between investing in digital assets for the long term and risky, short-term speculation An essential new playbook for institutional, professional, and retail investors involved with digital assets and cryptocurrency, Investing in Cryptocurrencies and Digital Assets is the comprehensive and up-to-date guide to the sector that you've been waiting for.
Download or read book Smart and Sustainable Collaborative Networks 4 0 written by Luis M. Camarinha-Matos and published by Springer Nature. This book was released on 2021-11-15 with total page 792 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book constitutes the refereed proceedings of the 22nd IFIP WG 5.5 Working Conference on Virtual Enterprises, PRO-VE 2021, held in Saint-Étienne, and virtually in November 2021. The 70 papers (15 full and 55 short) presented with 5 industrial workshop papers were carefully reviewed and selected from 189 submissions. They provide a comprehensive overview of major challenges and recent advances in various domains related to the digital transformation and collaborative networks and their applications with a strong focus on the following areas related to the main theme of the conference: sustainable collaborative networks; sustainability via digitalization; analysis and assessment of business ecosystems; human factors in collaboration 4.0; maintenance and life-cycle management; policies and new digital services; safety and collaboration management; simulation and optimization; complex collaborative systems and ontologies; value co-creation in digitally enabled ecosystems; digitalization strategy in collaborative enterprises’ networks; pathways and tools for DIHs; socio-technical perspectives on smart product-service systems; knowledge transfer and accelerated innovation in FoF; interoperability of IoT and CPS for industrial CNs; sentient immersive response network; digital tools and applications for collaborative healthcare; collaborative networks and open innovation in education 4.0; collaborative learning networks with industry and academia; and industrial workshop.
Download or read book Research Anthology on Blockchain Technology in Business Healthcare Education and Government written by Management Association, Information Resources and published by IGI Global. This book was released on 2020-09-30 with total page 1924 pages. Available in PDF, EPUB and Kindle. Book excerpt: Even though blockchain technology was originally created as a ledger system for bitcoin to operate on, using it for areas other than cryptocurrency has become increasingly popular as of late. The transparency and security provided by blockchain technology is challenging innovation in a variety of businesses and is being applied in fields that include accounting and finance, supply chain management, and education. With the ability to perform such tasks as tracking fraud and securing the distribution of medical records, this technology is key to the advancement of many industries. The Research Anthology on Blockchain Technology in Business, Healthcare, Education, and Government is a vital reference source that examines the latest scholarly material on trends, techniques, and uses of blockchain technology applications in a variety of industries, and how this technology can further transparency and security. Highlighting a range of topics such as cryptography, smart contracts, and decentralized blockchain, this multi-volume book is ideally designed for academics, researchers, industry leaders, managers, healthcare professionals, IT consultants, engineers, programmers, practitioners, government officials, policymakers, and students.
Download or read book Digital Asset Valuation Framework written by HashKey Capital and published by 商務印書館（香港）有限公司. This book was released on 2024-04-09 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: The author outlines a framework that evaluate different crypto assets consistently. Successful crypto investing requires a solid framework for value-based decisions rather than speculation. Hopefully, it can bring some clarity to the industry and help to understand the intrinsic value of crypto assets.
Download or read book The Emerald Handbook on Cryptoassets written by H. Kent Baker and published by Emerald Group Publishing. This book was released on 2023-01-16 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bitcoin’s introduction as the first cryptoasset in 2009 ushered in a new era, generating much interest, excitement, and growth. A cryptoasset is a digital asset using blockchain technology to regulate the generation of new units and verify and secure transactions.
Download or read book Information Rules written by Carl Shapiro and published by Harvard Business Press. This book was released on 1999 with total page 374 pages. Available in PDF, EPUB and Kindle. Book excerpt: As one of the first books to distill the economics of information and networks into practical business strategies, this is a guide to the winning moves that can help business leaders--from writers, lawyers and finance professional to executives in the entertainment, publishing and hardware and software industries-- navigate successfully through the information economy.
