From Bitcoin to the Brixton Pound: History and Prospects for Alternative Currencies (Poster Abstract)

Hileman, Garrick

doi:10.1007/978-3-662-44774-1_13

Cited by 30 publications

(7 citation statements)

References 1 publication

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Bitcoin is a special form of alternative currency: a digital cryptocurrency described as the first open and decentralized currency [22], whose transactions are recorded on an open source, and publicly distributed ledger. This blockchain technology allows for secure and transparent transactions, while protecting the identity of transaction's parties [32].…”

Section: Introductionmentioning

confidence: 99%

Design for Trust

Sas

Khairuddin

2017

Proceedings of the 2017 CHI Conference on Human Factors in Computing Systems

102

View full text Add to dashboard Cite

Bitcoin is a cryptocurrency which has received increasing interest over the last five years. Built upon a decentralized peer to peer system, it supports transparent, fast, cost effective, and irreversible transactions, without the need for trusting third party financial institutions. We know however little about people's motivation and experience with bitcoin currency. This paper reports on interviews with 20 bitcoin users about their experience and their trust challenges. Findings show that bitcoins are used more as commodities for speculative investment or savings' protection. The paper advances the HCI theories on trust by identifying main bitcoin characteristics and their impact on trust, such as decentralization, unregulation, embedded expertise, and reputation, as well as transactions' transparency, low cost, and easiness to complete. We also discuss the issue of insecure transactions and the associated risks, in particular the one of dishonest traders and its mitigating strategies. The paper concludes with three design implications including support for the transparency of two-way transactions, tools for materializing trust, and tools for supporting reversible transactions.

show abstract

Section: Introductionmentioning

confidence: 99%

Design for Trust

Sas

Khairuddin

2017

Proceedings of the 2017 CHI Conference on Human Factors in Computing Systems

102

View full text Add to dashboard Cite

show abstract

“…Postoje brojni razlozi za stvaranje alternativnih valuta. Većinski konsenzus (8) postignut je oko podele na dve glavne kategorije: materijalne i digitalne valute. One se dele na:…”

Section: Digitalni Novac U Međunarodnoj Trgoviniunclassified

“…Bitkoin tehnologija se oslanja na kriptografiju za obradu transakcija, Za razliku od privatnog blokčejna, u javnom blokčej nu svi javni čvorovi mogu da učestvuju u procesu konsenzusa. a implementirana je kao sistem otvorenog koda, kako je stajalo u Nakamotovoj publikaciji iz 2008. godine (8). Prvi put u istoriji onlajn plaćanja moguće je izvršiti transakciju bez uključenja treće strane od poverenja i bez plaćanja naknada centralizovanom organu.…”

Section: Bitkoinunclassified

Digital Currency in International Trade

Ivljanin¹

2022

Revizor

View full text Add to dashboard Cite

What led to the meteoric growth and popularity of cryptocurrencies, primarily Bitcoin? What concepts preceded the development of modern cryptocurrencies? What is blockchain and what is the architecture of different distributed public ledgers? What is the use value of digital money in everyday transactions and what is the use value in international trade exchange? This paper tries to answer the above questions and decipher the highly complex technical jargon that usually accompanies the topic of digital money.

show abstract

“…There is a question as to if one village can do this, or if it should expand to other communities or even exist as a regional currency. This would work in similar numbers to a currency like the Brixton Pound (Hileman, 2014). Nevertheless, return on investment is not simple to calculate as the figures for the technical and logistical sides of the currency are only part of the costs, and some returns might be incommensurable with the investments.…”

Section: Marketing Technology and Future Viabilitymentioning

confidence: 99%

Sysmä Community Currency: An Analysis of its Success from the Perspectives of Purposes, Stakeholders and Promotion

Petz

Eskelinen

2019

European Countryside

View full text Add to dashboard Cite

The article is a case study of a local currency, recently introduced in the rurally situated municipality of Sysmä, Finland. As a small community suffering a gradual population decline since the 1960s, Sysmä municipality has begun to innovate with several projects this millennium. Here, we analyse as a narrative and from the viewpoint of experienced tensions, the introductory phase of one of these projects, which strictly is a hyper-local currency acting as a system of account. It is noted that there are unclarities regarding the purpose of the scheme, and that different stakeholders and other observers do have varying ideas about this purpose. Political decisions over limiting rights of issuance of the local currency to locally registered businesses; and its exclusive use for local association subsidies have created some challenges to the acceptance of the currency. Further, the currency has limited uptake due to technical issues, injudicious use of the marketing mix and difficulties with innovating in a rural area. Noting these issues and the peculiarity of the scheme amidst other typical European local currency schemes, the article also points out benefits of the scheme and potential future developments.

show abstract

From Bitcoin to the Brixton Pound: History and Prospects for Alternative Currencies (Poster Abstract)

Cited by 30 publications

References 1 publication

Design for Trust

Design for Trust

Digital Currency in International Trade

Sysmä Community Currency: An Analysis of its Success from the Perspectives of Purposes, Stakeholders and Promotion

Contact Info

Product

Resources

About