{"title":"比特币,不是加密货币:比特币本质上独特和不可复制属性的比较分析","authors":"Vijaykumar Selvam","doi":"10.2139/ssrn.3880186","DOIUrl":null,"url":null,"abstract":"The crypto industry comprises thousands of cryptocurrencies offering different versions of blockchain-based decentralization – a concept that was described originally in the Bitcoin Whitepaper in 2008. What is Bitcoin’s value proposition in this confusing landscape? Bitcoin is a monetary asset that achieves immutability through a decentralized governance protocol. Such immutability is, in theory, the primary reason behind blockchain technology in the first place. However, besides Bitcoin, what we see across the industry are blockchain-based tokens offering diluted or spurious decentralization, thereby contradicting and defeating the purpose of immutability altogether. This paper highlights these ‘blockchain-fallacies’ through a comparative analysis against Bitcoin’s unique and irreplicable decentralized governance mechanism.","PeriodicalId":385335,"journal":{"name":"Cryptocurrencies eJournal","volume":null,"pages":null},"PeriodicalIF":0.0000,"publicationDate":"2021-06-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Bitcoin, Not Crypto: A Comparative Analysis of Bitcoin's Fundamentally Unique and Irreplicable Properties\",\"authors\":\"Vijaykumar Selvam\",\"doi\":\"10.2139/ssrn.3880186\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"The crypto industry comprises thousands of cryptocurrencies offering different versions of blockchain-based decentralization – a concept that was described originally in the Bitcoin Whitepaper in 2008. What is Bitcoin’s value proposition in this confusing landscape? Bitcoin is a monetary asset that achieves immutability through a decentralized governance protocol. Such immutability is, in theory, the primary reason behind blockchain technology in the first place. However, besides Bitcoin, what we see across the industry are blockchain-based tokens offering diluted or spurious decentralization, thereby contradicting and defeating the purpose of immutability altogether. This paper highlights these ‘blockchain-fallacies’ through a comparative analysis against Bitcoin’s unique and irreplicable decentralized governance mechanism.\",\"PeriodicalId\":385335,\"journal\":{\"name\":\"Cryptocurrencies eJournal\",\"volume\":null,\"pages\":null},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2021-06-10\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Cryptocurrencies eJournal\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.2139/ssrn.3880186\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Cryptocurrencies eJournal","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2139/ssrn.3880186","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
Bitcoin, Not Crypto: A Comparative Analysis of Bitcoin's Fundamentally Unique and Irreplicable Properties
The crypto industry comprises thousands of cryptocurrencies offering different versions of blockchain-based decentralization – a concept that was described originally in the Bitcoin Whitepaper in 2008. What is Bitcoin’s value proposition in this confusing landscape? Bitcoin is a monetary asset that achieves immutability through a decentralized governance protocol. Such immutability is, in theory, the primary reason behind blockchain technology in the first place. However, besides Bitcoin, what we see across the industry are blockchain-based tokens offering diluted or spurious decentralization, thereby contradicting and defeating the purpose of immutability altogether. This paper highlights these ‘blockchain-fallacies’ through a comparative analysis against Bitcoin’s unique and irreplicable decentralized governance mechanism.