Day: June 1, 2020

Note Helicopter Money and CBDCs Are DLT the perfect infrastructure for monetary policies in time of crisis

Publications

Helicopter Money and CBDCS: are DLTS the Perfect Infrastructure for Monetary Policies in a Time of Crisis ?

The nascent economic crisis is highlighting the need to rely on creative policy responses. Helicopter money appears to be one of the few untried monetary tool. Central Bank Digital Currencies (CBDCs) based on Distributed Ledger Technologies (DLTs) would provide the optimal infrastructure to implement such stimulus policy.

2020-06-01

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…

2020-06-01

Publications

Practical Solutions to save Bitcoins applied to an Identity system proposal

In a recent work by Augot et al. (2017), a scheme is proposed to build an identity system on top of the Bitcoin network. However, this proposal incurs very high costs since Bitcoin transactions require heavy fees. The current work introduces modifications to their scheme to make it more cost…

2020-06-01

Day: June 1, 2020

Helicopter Money and CBDCS: are DLTS the Perfect Infrastructure for Monetary Policies in a Time of Crisis ?

An Equilibrium Model of the Market for Bitcoin mining

Practical Solutions to save Bitcoins applied to an Identity system proposal

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