BITCOIN 1, BITCOIN 2, ....: AN EXPERIMENT IN PRIVATELY ISSUED OUTSIDE MONIES
研究了比特币的价值依赖于自我实现的信念，并分析了在存在多种比特币克隆或竞争法定货币时这种不确定性的表现。
The value of bitcoin depends upon self‐fulfilling beliefs that are hard to pin down. We demonstrate this for the case where bitcoin is the only form of money in the economy and then generalize the message to the case of multiple bitcoin clones and/or a competing fiat currency. Some aspects of the indeterminacy we describe would no longer hold if bitcoin were an interest‐bearing object.