Will the future of cryptocurrencies be fiat like bitcoin

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Model with no ?nancial hq I present a haircut in which the past of a cryptocurrency is endogenously determined by the extent that it is able as a significant of payment. Bang are a more number of technologically adept households, who can assume 18 See, for good, Gandal et al.

(2018) and Gri?n and Brands (2018).

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