Séminaire GREDEG : Christophe DEPOORTERE (CEMOI - Université de La Réunion)

Publié le 12 septembre 2023 Mis à jour le 22 mars 2024

le 5 octobre 2023

14H00- 15h30 Salle Picasso
GREDEG - Bâtiment 2 - Campus Azur du CNRS - 250 rue Albert Einstein - SOPHIA ANTIPOLIS

Laboratoire GREDEG

Title: "A Monetary Analysis of the Bitcoin Protocol"

Abstract: This paper considers the design of the Bitcoin protocol from a monetary perspective. To this end, it relies heavily on the publications of the creator(s) of Bitcoin, Satoshi Nakamoto, on different mailing lists and forums. It first expounds the political and economic motives which led Nakamoto to build an electronic system of payment based on “proof” rather than on “trust”. Then, it considers the predetermined character of the issue of bitcoins and support the view that one consequence of this issuing rule is that the bitcoin has no monetary standard-even understood in a broad sense. Finally, it deals with the concept of “synthetic commodity money” and the widespread comparison of bitcoin to the Iraqi Swiss dinar. The notion of monetary standard considered as a measure of the value of money is then used to distinguish these two currencies.


More about Christophe Depoortère
Le 5 octobre 2023 14:00 - 15:30