Review Article

AN OVERVIEW OF THE CRYPTOCURRENCIES; THE THEORY OF MONEY PERSPECTIVE

Volume: 1 Number: 2 September 30, 2020
TR EN

AN OVERVIEW OF THE CRYPTOCURRENCIES; THE THEORY OF MONEY PERSPECTIVE

Abstract

Before the invention of writing, which took place around 3200 B.C., commercial activities were carried out with small symbols named "Token", each representing different goods and services. It can be claim that the crypto tokens and crypto coins used today are digital and current versions of historical Tokens. As there is no regular transition from commodity money to fiat money, the transition from paper money to digital will not be outright just like a symmetrical line. Indeed, history is not a linear process. 2008 and 2009 were the years when both the global crisis happened where the trust in the traditional financial system was shaken and Bitcoin and its derivatives emerged as alternative de facto fiscal instruments. It is observed that crypto currencies still cannot fulfil the three basic functions of money. However, in the historical process, the definition and characteristics of money have changed and developed. Based on this thesis and the effect of smart contracts, the cryptocurrency community claims that cryptocurrencies are / will be more than money.

Keywords

References

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Details

Primary Language

English

Subjects

Economics

Journal Section

Review Article

Publication Date

September 30, 2020

Submission Date

August 7, 2020

Acceptance Date

September 7, 2020

Published in Issue

Year 2020 Volume: 1 Number: 2

APA
Arıkan, N. İ. (2020). AN OVERVIEW OF THE CRYPTOCURRENCIES; THE THEORY OF MONEY PERSPECTIVE. Malatya Turgut Özal Üniversitesi İşletme Ve Yönetim Bilimleri Dergisi, 1(2), 147-165. https://izlik.org/JA92MK62SE
AMA
1.Arıkan Nİ. AN OVERVIEW OF THE CRYPTOCURRENCIES; THE THEORY OF MONEY PERSPECTIVE. Malatya Turgut Ozal University Journal of Business And Management Sciences. 2020;1(2):147-165. https://izlik.org/JA92MK62SE
Chicago
Arıkan, Necip İhsan. 2020. “AN OVERVIEW OF THE CRYPTOCURRENCIES; THE THEORY OF MONEY PERSPECTIVE”. Malatya Turgut Özal Üniversitesi İşletme Ve Yönetim Bilimleri Dergisi 1 (2): 147-65. https://izlik.org/JA92MK62SE.
EndNote
Arıkan Nİ (September 1, 2020) AN OVERVIEW OF THE CRYPTOCURRENCIES; THE THEORY OF MONEY PERSPECTIVE. Malatya Turgut Özal Üniversitesi İşletme ve Yönetim Bilimleri Dergisi 1 2 147–165.
IEEE
[1]N. İ. Arıkan, “AN OVERVIEW OF THE CRYPTOCURRENCIES; THE THEORY OF MONEY PERSPECTIVE”, Malatya Turgut Ozal University Journal of Business And Management Sciences, vol. 1, no. 2, pp. 147–165, Sept. 2020, [Online]. Available: https://izlik.org/JA92MK62SE
ISNAD
Arıkan, Necip İhsan. “AN OVERVIEW OF THE CRYPTOCURRENCIES; THE THEORY OF MONEY PERSPECTIVE”. Malatya Turgut Özal Üniversitesi İşletme ve Yönetim Bilimleri Dergisi 1/2 (September 1, 2020): 147-165. https://izlik.org/JA92MK62SE.
JAMA
1.Arıkan Nİ. AN OVERVIEW OF THE CRYPTOCURRENCIES; THE THEORY OF MONEY PERSPECTIVE. Malatya Turgut Ozal University Journal of Business And Management Sciences. 2020;1:147–165.
MLA
Arıkan, Necip İhsan. “AN OVERVIEW OF THE CRYPTOCURRENCIES; THE THEORY OF MONEY PERSPECTIVE”. Malatya Turgut Özal Üniversitesi İşletme Ve Yönetim Bilimleri Dergisi, vol. 1, no. 2, Sept. 2020, pp. 147-65, https://izlik.org/JA92MK62SE.
Vancouver
1.Necip İhsan Arıkan. AN OVERVIEW OF THE CRYPTOCURRENCIES; THE THEORY OF MONEY PERSPECTIVE. Malatya Turgut Ozal University Journal of Business And Management Sciences [Internet]. 2020 Sep. 1;1(2):147-65. Available from: https://izlik.org/JA92MK62SE