No. of Recommendations: 11
That a bearer asset you could store and transmit digitally might have great utility. That the first mover might become the standard and disrupt the world's financial system.Put in a pin in that thought...
Do you mean like Goldman Sachs and Blackrock? Fidelity? The smear campaign is wearing a little thin.They will be happy to sell you a Bitcoin ETF if you like. But then your Bitcoin isn't a bearer asset, is it?
London School of Economics professor Igor Marakov and colleagues made an interesting analysis of Bitcoin transactions both on and off chain. The paper is too long to summarize adequately, but the paper concluded about 10% of Bitcoin transactions are economically useful (this category includes legitimate uses, as well as gambling, dark web commerce, and ransomware payments). The remaining 90% of transactions were primarily Bitcoin washing and arbitrage.
personal.lse.ac.uk: PDF document
