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The Economics of Bitcoin: A Primer

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03/19/2018Malavika NairMark Thornton

This introductory course explains the basics of money and the possible viability of Bitcoin and other cryptocurrencies. The course begins with the origin of money when it emerged from barter as the most saleable good, allowing economic calculation and the division of labor. The problem of how a new currency enters circulation and becomes accepted is discussed in light of the recent success of Bitcoin and other currencies.

This course is for the beginner who needs the principles of how money works in general and how Bitcoin and cryptocurrencies can function as money.

The course is free for independent study.

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