Boom, Bust, and Bitcoin: Bitcoin-Bubbles as Innovation Accelerators
Boom, Bust, and Bitcoin: Bitcoin-Bubbles as Innovation Accelerators
Bitcoin represents one of the most interesting technological breakthroughs and socio-economic experiments of the last decades. In this paper, we examine the role of speculative bubbles in the process of Bitcoin's technological adoption by analyzing its social dynamics. We trace Bitcoin's genesis and dissect the nature of its techno-economic innovation. …