Messianic visions or path to technocorruption: are cryptocurrencies a root of all evil or future wealth of nations?

Jussi Ilmari Nykänen, Inigo Flores Ituarte, Anne Larnemaa, Pascale-L. Blyth

Research output: Chapter in Book/Report/Conference proceedingChapterScientific

Abstract

Abstract: Monetary systems have underpinned our societies throughout the ages, by both enabling individuals to carry out their daily activities and fulfilling a range of other needs and functions. The emergence of digital currencies, in the context of digitalization, has given rise to a host of questions about the future of our monetary systems. Drawing perspectives from various disciplines of literature and expert opinions, this article examines how digitalization has and will continue to shape the future of our monetary and economic systems and societies, from online banking systems to cashless societies and distributed alternative currency systems such as Bitcoin.
Original languageEnglish
Title of host publicationBit Bang 8: Digitalization
EditorsYrjö Neuvo, Erkki Ormala, Meri Kuikka
PublisherAalto University’s Multidisciplinary Institute of Digitalisation and Energy (MIDE)
Pages39-80
ISBN (Electronic)978-952-60-1101-1
ISBN (Print)978-952-60-1100-4
Publication statusPublished - Oct 2016
MoE publication typeB2 Part of a book or another research book

Keywords

  • bitcoin
  • blockchain
  • cryptocurrency
  • digitalization
  • digital money
  • future
  • money
  • virtual money

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  • Cite this

    Nykänen, J. I., Flores Ituarte, I., Larnemaa, A., & Blyth, P-L. (2016). Messianic visions or path to technocorruption: are cryptocurrencies a root of all evil or future wealth of nations? In Y. Neuvo, E. Ormala, & M. Kuikka (Eds.), Bit Bang 8: Digitalization (pp. 39-80). Aalto University’s Multidisciplinary Institute of Digitalisation and Energy (MIDE). http://urn.fi/URN:ISBN:978-952-60-1101-1