Bitcoin: The Longest Running Mania – Tulips of the 21st Century?

Taskinsoy, John

doi:10.2139/ssrn.3505953

Cited by 19 publications

(8 citation statements)

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“…The primary object of investigation in this single case study is the MakerDAO ecosystem as an example of a DeFi-based IT artifact. While blockchain-based cryptocurrencies have been around for over a decade now, their real-world applicability has been limited due to the involved risks and speculation [57]. By recognizing some of the obstacles that previous monetary regimes have faced and how they were overcome, researchers and developers in IS research can further improve existing DAOs and DeFi systems.…”

Section: Methods and Data Collectionmentioning

confidence: 99%

“…As per usual in exploratory and qualitative research, we use the information available in a variety of different sources [56,57] to accurately understand the ever-evolving MakerDAO ecosystem and its internal debates and future directions development. This includes information available via Scopus, the Web of Science, and Google Scholar using 'MakerDAO,' 'Dai,' and 'decentralized autonomous organization' as central search queries.…”

Section: Methods and Data Collectionmentioning

confidence: 99%

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The De-Central Bank in Decentralized Finance: A Case Study of MakerDAO

Brennecke¹,

Guggenberger²,

Schellinger³

et al. 2022

Proceedings of the Annual Hawaii International Conference on System Sciences

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Countlessdecentralized finance (DeFi) applications of the past years have suffered from the high volatility and speculative behavior surrounding their underlying crypto assets. While the academic debate has been flourishing in these areas, Decentralized Autonomous Organizations (DAOs) have not received as much attention. This is the case even though they could offer an opportunity to solve some of the underlying problems of existing cryptocurrencies and ecosystems, for example, by providing lower volatility and, thus, exchange rate stability. This paper presents an economic analysis of the MakerDAO, a DAO in DeFi. In doing so, we use a single case study methodology based on existing resources and expert interviews. It also uses monetary theory instruments to provide researchers and developers with insights into how DAOs are governed. Further, it serves to illustrate how IS research may support the development of future IT artifacts aimed at offering the infrastructure for DeFi applications.

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Section: Methods and Data Collectionmentioning

confidence: 99%

Section: Methods and Data Collectionmentioning

confidence: 99%

The De-Central Bank in Decentralized Finance: A Case Study of MakerDAO

Brennecke¹,

Guggenberger²,

Schellinger³

et al. 2022

Proceedings of the Annual Hawaii International Conference on System Sciences

View full text Add to dashboard Cite

show abstract

“…The price volatility often associated with cryptocurrency trade and investments have led to parallels being drawn with past historical financial market bubbles such as The South Sea, Mississipi and Tulia Mania bubbles [67][68][69][70][71][72]. The key lessons from these parallels relates to the notion of investment irrationality, monetary policy shocks and the need to balance the risk/return trade-off arising from investments [73][74][75].…”

Section: Cryptocurrencies Investments and Price Volatilitymentioning

confidence: 99%

Cryptocurrency and Global Practices: Lessons for Nigeria

Ogunode

Iwala

Awoniyi

et al. 2022

SAJSSE

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This paper examined cryptocurrency and its global practices with particular reference to salient lessons for the Nigerian economy. The desk review methodology anchored on content analysis was used for the study. The paper identified distrust in political systems, weak domestic currency and high inflation rates as key factors fueling the growth of cryptocurrency usage in Nigeria thus motivating individuals to resort to cryptocurrencies as a tool for wealth preservation and inflation hedge. The study also found that the existence of trust deficit and challenges associated with privacy concerns, system uptime and stringent onboarding requirements were capable of derailing the success of the newly launched digital currency(‘e-naira’) issued by government to curtail cryptocurrency usage in Nigeria. The study concluded that cryptocurrencies and central bank issued digital currencies (CBDCs) are now part and parcel of the new economic order and represents the future of finance. It therefore recommended that nation states should work assiduously to develop uniformly agreed regulatory framework and global standards for the usage of cryptocurrencies.

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“…Son dönemde yaşanan krizler ve özellikle COVID-19 küresel salgını ile birlikte kâğıt paranın dâhi itibari değeri sorgulanmaya başlamışken kripto paralar daha büyük bir meydan okumayla karşı karşıya kalacaktır. Kripto paraların değerlerindeki ani dalgalanmalar akla ilk Hollanda'da 16. yüzyılda yaşanan Lale Çılgınlığını (Taskinsoy, 2019;Moosa, 2020) ve genelde spekülatif furyaları getirmektedir. Örneğin 2017 yılı boyunca Bitcoin beş kez %30 civarında düzelme sergilemiş ama ilk dördünde ortalama 38 gün içinde toparlanarak yeniden yükseliş trendine geçiş yapabilmiştir.…”

Section: Teknoloji Kripto Paralar Ve Risklerunclassified

Bilişim Teknolojileri ve İletişim: Birey ve Toplum Güvenliği

Doğrul¹

2020

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“Bilişim Teknolojileri ve İletişim: Birey ve Toplum Güvenliği” adlı çalışma; TÜBA-Bilişim Teknolojileri ve İletişim Çalışma Grubu öncülüğünde Boğaziçi Üniversitesi’nde gerçekleştirilen “Bilişim Teknolojisi ve İletişim: İnternet ve Toplumsal Etkileri” başlıklı çalıştayın ardından hazırlanan çok sayıda bilim insanı ve alanında uzman isimlerin kaleme aldığı tespit, öngörü ve analizlerinden oluşuyor. TÜBA’nın “bilimsel konular ve bilimsel önceliklerin saptanması amacıyla incelemelerde bulunmak ve danışmanlık yapma” görevi kapsamında yayımlanan eser, bilişim teknolojilerindeki değişim ve dönüşümün bilim insanları tarafından kapsamlı ve multidisipliner bakış açısıyla ele alıyor.

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Bitcoin: The Longest Running Mania – Tulips of the 21st Century?

Cited by 19 publications

References 0 publications

The De-Central Bank in Decentralized Finance: A Case Study of MakerDAO

The De-Central Bank in Decentralized Finance: A Case Study of MakerDAO

Cryptocurrency and Global Practices: Lessons for Nigeria

Bilişim Teknolojileri ve İletişim: Birey ve Toplum Güvenliği

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