Japanese Scholars Draft Proposal for a Better Bitcoin

By November 7, 2014Bitcoin Politics

A team of Japanese researchers has published a paper with a set of proposals it says would improve bitcoin, effectively creating a hypothetical low-volatility digital currency called ‘improved bitcoin’ (IBC).

The paper, authored by four scholars from various Japanese universities, was published by the  Institute of Economic Research  at Tokyo’s Hitotsubashi University.

The work explores the problem of bitcoin’s instability from an economic viewpoint, suggesting a new monetary policy rule – effectively, monetary policy without a central […]

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