Critical success factors for bitcoin economics

dc.contributor.advisor Amador-Dumois, María A. Santiago-Boothby, Alejandro D. College of Business Administration en_US
dc.contributor.committee Cruz-Martínez, Darik
dc.contributor.committee Córdova-Claudio, Mario
dc.contributor.department Department of Business Administration en_US
dc.contributor.representative Schmidt-Nieto, Jorge 2018-02-22T17:02:06Z 2018-02-22T17:02:06Z 2015
dc.description.abstract Bitcoin is a relatively new topic with limited research into its economic and financial implications. While originally described as a peer-to-peer electronic cash system, Bitcoin has popularly come to be known as the world’s first cryptocurrency – an assertion that has generated controversy, yet has received little academic scrutiny. To better understand Bitcoin economics, this thesis led exploratory research identifying Critical Success Factors driving Bitcoin growth and adoption as currency by businesses and individuals. The Critical Success Factors identified were transaction costs, technical efficiency, governance, payment security, distribution, quantity and velocity. Although Bitcoin successfully serves as a fungible medium of exchange, it lacks enough widespread adoption and trading volume to achieve price stabilization – a shortfall significantly diminishing its function as a reliable storage of value. In practice, many merchants also choose to convert bitcoins at the point of sale into other traditional currencies, effectively leveraging Bitcoin as a payment system, rather than a currency on its own accord. In light of these findings, we conclude that Bitcoin is best described as a cryptocommodity rather than a cryptocurrency. en_US
dc.description.graduationSemester Spring en_US
dc.description.graduationYear 2015 en_US
dc.language.iso en en_US
dc.rights.holder (c) 2015 Alejandro D. Santiago Boothby en_US
dc.rights.license All rights reserved en_US
dc.subject Bitcoins en_US
dc.subject Currency en_US
dc.subject Cryptography en_US
dc.subject.lcsh Bitcoin. en_US
dc.subject.lcsh Electronic funds transfers. en_US
dc.title Critical success factors for bitcoin economics en_US
dc.type Thesis en_US
dspace.entity.type Publication Finances en_US M.B.A. en_US
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