Tag: Technology

Publication an equilibrium of the market for bitcoin mining | Blockchain@X
Publications

An Equilibrium Model of the Market for Bitcoin mining

We propose a model which uses the exchange rate of Bitcoin against the US dollar to predict the computing power of Bitcoin network. We show that free entry places an upper-bound on mining revenues and we devise a structural framework to measure its value. Calibrating the model’s parameters allows us…

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Publication Some Simple Bitcoin Economics | Blockchain@X
Publications

Some Simple Bitcoin Economics

In a novel model of an endowment economy, we analyze coexistence and competition between traditional fiat money (Dollar) and another intrinsically worthless medium of exchange, not controlled by a central bank, such as Bitcoin. Agents can trade consumption goods in either currency or hold on to currency for speculative purposes….

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Publicaton Cryptocurrencies, Currency Competition and the Impossible Trinity | Blockchain@X
Publications

Cryptocurrencies, Currency Competition and the impossible Trinity

We analyze a two-country economy with complete markets, featuring two national currencies as well as a global (crypto)currency. If the global currency is used in both countries, the national nominal interest rates must be equal and the exchange rate between the national currencies is a risk-adjusted martingale. We call the…

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Past Events

Southwestern Europe Regional Contest

Welcome to the website of the Southwestern Europe Regional Contest (SWERC) 2019-2020, which was organized by Institut Polytechnique de Paris and took place at Télécom Paris on January 25–26, 2020….

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