| 研究生: |
柯偉民 Kleber Isaac Vallejo Cevallos |
|---|---|
| 論文名稱: |
比特幣在拉丁美洲的營運與發展 Bitcoin operation and development |
| 指導教授: | 洪叔民 |
| 口試委員: |
洪叔民
洪永常 洪為壐 |
| 學位類別: |
碩士
Master |
| 系所名稱: |
商學院 - 企業管理研究所(MBA學位學程) Master of Business Administration Program(MBA) |
| 論文出版年: | 2017 |
| 畢業學年度: | 105 |
| 語文別: | 英文 |
| 論文頁數: | 49 |
| 中文關鍵詞: | 比特幣 、Blockchain 、拉丁美洲 、委內瑞拉 、阿根廷 |
| 外文關鍵詞: | Bitcoin, Blockchain, Latin America, Venezuela, Argentina |
| 相關次數: | 點閱:58 下載:36 |
| 分享至: |
| 查詢本校圖書館目錄 查詢臺灣博碩士論文知識加值系統 勘誤回報 |
在世界許多地方,近年來,由於經濟狀況不佳,公民對政府的不滿情況已經很明顯。各國政府一直在努力調整和糾正一些政策。然而,中央銀行影響市場的許多方式是公民可以控制其貨幣體系的創新概念的動力。本文將研究其中一項名為比特幣的創新。
2008年金融危機之後,出現了一個新的命題,排除了任何中央政府免受某種貨幣的干預。創建了一個項目,考慮到在處理付款時,不需要中間人來執行用戶之間的交易。在最開始,沒有人注意到沒有人知道,但在過去幾年裡,現在眾所周知的比特幣已經受到全世界的關注,這個話題引起了大的消息。
在本文中,描述了理解比特幣生態系統的基本概念,並對此數字貨幣體系進行了簡要介紹。本文的主要焦點是比特幣在拉丁美洲的使用和傳播,並進行了深入的分析,發現與採用比特幣相關的經濟體的核心問題。本文強調兩個特定國家,委內瑞拉和阿根廷,主要是因為經濟原因。
In many places around the world, the discontent from citizens towards governments because of poor economic situations has been evident in recent years. Governments have been trying to make adjustments and correct some policies. However, the many ways in which central banks influence markets has been the motivation for innovative concepts in which citizens can take control of their monetary system. This paper will study one of these innovations called Bitcoin.
After the financial crisis of 2008, a new proposition arose to exclude any central government from the intervention of a given currency. A project was created bearing in mind that no intermediary would be needed to executed transactions between users when dealing with payments. At the very beginning no one paid attention and nobody know about it, but in the last few years, what is now well known as Bitcoin has received worldwide attention and big news has been arising from this topic.
In this paper, the basic concepts for understanding the Bitcoin ecosystem is described, and a brief introduction regarding this digital currency system is undertaken. The primary focus of the paper is the usage and spread of Bitcoin in Latin America, and an in-depth analysis is done, finding core issues on economies which are related to the adoption of Bitcoin. The paper places an emphasis on two particular countries, Venezuela and Argentina, primarily because of economic reasons.
CHAPTER 1 BACKGROUND 1
1.1 RESEARCH MOTIVE 1
1.2 OBJECTIVE OF THE THESIS 2
CHAPTER 2 INTRODUCTION OF BITCOIN 5
2.1 THE BITCOIN CONCEPT 5
2.2 THE WAY BITCOIN WORKS 7
2.3 BLOCKCHAIN 8
2.4 HOW TO USE IT 10
2.5 WHERE TO BUY IT 13
2.6 BITCOIN IN NUMBERS 15
2.7 LAW AND REGULATIONS 16
2.7.1 Global Perspective 16
2.7.2 In the USA 16
2.7.3 Latin America 17
2.8 SECURITY 18
CHAPTER 3 BITCOIN IN LATIN AMERICA 20
3.1 OVERVIEW OF THE REGION 20
3.2 VENEZUELA 23
3.3 ARGENTINA 26
3.4 SUMMARY 29
CHAPTER 4 BITCOIN ANALYSIS 31
4.1 PAST STUDIES 31
4.2 BITCOIN AS A CURRENCY 34
4.3 PRICE 37
4.4 RECOMMENDATIONS: 39
CHAPTER 5 CONCLUSIONS 41
5.2 FUTURE TRENDS 43
5.3 LIMITATIONS 44
REFERENCES 46
Agarwal, J., & Wu, T. (2015). Factors influencing growth potential of Ecommerce in
emerging economies: An institutionbased NOLI framework and research
propositions. Thunderbird International Business Review, 57(3), 197-215.
Andersen, T. G., & Bollerslev, T. (1997). Intraday periodicity and volatility persistence in
financial markets. Journal of empirical finance, 4(2), 115-158.
Bitcoin (2017) How does Bitcoin Work, https://bitcoin.org/en/how-it-works
Bitcoin (2017), Bitcoin Price BTC/USD. Retrieved from: https://price.bitcoin.com/
Blockchain (2017), Confirmed transactions per day, The number of daily confirmed Bitcoin
transactions. Retrieved from: https://blockchain.info/charts/ntransactions?
timespan=all
Blockchain (2017), Confirmed transactions per day, The number of daily confirmed Bitcoin
transactions. Retrieved from: https://blockchain.info/charts/ntransactions?
timespan=all
Blockchain (2017), Market Price USD, Average USD market price across major bitcoin
exchanges. Retrieved from: https://blockchain.info/charts/market-price
Bolivia Central Bank
https://www.bcb.gob.bo/webdocs/11_comunicados/04_2017_COMUNICADO_Us
o_monedas.pdf
Bollen, J., Mao, H., & Zeng, X. (2011). Twitter mood predicts the stock market. Journal of
computational science, 2(1), 1-8.
Candelario, B. (2015). Bitcoin: Información Sobre Su Reglamento En Las Américas y Futuro
Crecimiento. U. Miami Inter-Am. L. Rev., 47, 95
Candelario, Belkenia. ¨Bitcoin: Información Sobre Su Reglamento En Las Americas y
Futuro Crecimiento. ¨U. Miami Intern-Am. L. Rev. 47 (2015):95.
Carrick, J. (2016). Bitcoin as a Complement to Emerging Market Currencies. Emerging
Markets
Carrick, J. (2016). Bitcoin as a Complement to Emerging Market Currencies. Emerging
Markets Finance and Trade, 52(10), 2321-2334.
CoinDance (2017), Weekly LocalBitcoins Volume in Argentine Peso. Retrieved from:
https://coin.dance/volume/localbitcoins/ARS
CoinDance (2017), Weekly LocalBitcoins Volume in Venezuelan Bolivar. Retrieved from:
https://coin.dance/volume/localbitcoins/VEF
Coindesk (2015), How Can I Buy Bitcoins?, http://www.coindesk.com/information/howcan-
i-buy-bitcoins/
Coinmap (2014), Number of venues on 7th, January 2014. Retrieved from:
http://coinmap.org/#/world/22.91792294/-31.99218750/2
Coinmap (2017), Number of venues on 16th, May 2017. Retrieved from:
http://coinmap.org/#/world/22.91792294/-31.99218750/2
Copay (2017), e-wallet provider. Kleber Vallejo Bitcoin adress
Crunchbase (2017), (https://www.crunchbase.com/organization/bitpagos#/entity)
Deloitte University Press (2014), Payment process: Current versus Bitcoin, Retrieved from:
https://dupress.deloitte.com/dup-us-en/topics/emerging-technologies/bitcoin-factfiction-
future.html
Dolar Today (2017) https://dolartoday.com/precio
Dornbusch, R., Goldfajn, I., Valdés, R. O., Edwards, S., & Bruno, M. (1995). Currency crises
and collapses. Brookings Papers on Economic Activity, 1995(2), 219-293.
El Economista, (2014) http://eleconomista.com.mx/mercados
estadisticas/2014/07/28/gobierno-ecuador-prohibe-usar-bitcoins
Evander Smart, Latin Lovers: Bitcoin Taking Off in Latin America Out of Necessity,
Bitconnect, (2016 March 17), https://bitconnect.co/bitcoin-news/73/latin-loversbitcoin-
taking-off-in-latin-america-out-of-necessity/
Fogel, S. (2014). Aspectos prácticos de los bitcoins. IEEM Revista de Negocios, 17(2), 62-
64.
Folkinshteyn, D., Lennon, M. M., & Reilly, T. (2015). The Bitcoin mirage: an oasis of
financial remittance.
Georgia Wells, BitPagos Raises $600,000 Seed Round to Boost Bitcoin Use in South
America, The Wall Street Journal (2014).
https://blogs.wsj.com/venturecapital/2014/06/17/bitpagos-raises-600000-seedround-
to-boost-bitcoin-use-in-south-america/
Glaser, F., Zimmermann, K., Haferkorn, M., Weber, M. C., & Siering, M. (2014). Bitcoinasset
or currency? revealing users' hidden intentions.
Gup, B. E. (2014). What is money? From commodities to virtual currencies/Bitcoin. Browser
Download This Paper.
Haesly, K. B. (2016). How to Sole a Problem Like Venezuela: An Argument for Virtual
Currency. Law & Bus. Rev. Am., 22, 261.
Indec (2016), Instituto Nacional de Estadística y Censos, Tradins Economics. Retrieved from: https://tradingeconomics.com/argentina/inflation-cpi
Investopedia 2017, Blockchain, http://www.investopedia.com/terms/b/block-bitcoinblock.
asp
Jim Epstein (2017 February 14), Peer-to-Peer Bitcoin Trading Surges in Venezuela, "How
can you stop software running on the internet?" Reason, Hit and Run Blog
Jim Epstein, (2017 February 14), Venezuelan Police Arrest Eight Bitcoin Miners in Two
Weeks, and the Country's Leading Bitcoin Exchange Suspends Operations
Authorities uncover a warehouse with 11,000 mining computers drawing enough
electricity "to power a whole town." Reason, Hit and Run Blog,
http://reason.com/blog/2017/02/03/venezuela-surbitcoin-arrests-mining
Kaplanov, N. (2012). Nerdy money: Bitcoin, the private digital currency, and the case against
its regulation. Loy. Consumer L. Rev., 25, 111.
Kiyotaki, N., & Wright, R. (1989). On money as a medium of exchange. Journal of Political
economy, 97(4), 927-954.
Kristoufek, L. (2013). BitCoin meets Google Trends and Wikipedia: Quantifying the
relationship between phenomena of the Internet era. Scientific reports, 3, 3415.
Kristoufek, L. (2015). What are the main drivers of the Bitcoin price? Evidence from wavelet
coherence analysis. PloS one, 10(4), e0123923.
Ly, M. K. M. (2013). Coining Bitcoin's Legal-Bits: Examining the Regulatory Framework
for Bitcoin and Virtual Currencies. Harv. JL & Tech., 27, 587
Mogollon (2014), La revolucion del Bitcoin, Debates IESA, Volumen XIX, Numero 4.
Nakamoto, S. (2008). Bitcoin: A peer-to-peer electronic cash system.
https://bitcoin.org/bitcoin.pdf
OECD/ECLAC/CAF (2016), Latin American Economic Outlook 2017: Youth, Skills and
Entrepreneurship, OECD Publishing, Paris. http://dx.doi.org/10.1787/leo-2017-en
Pagliery, J. (2015). Record $1 billion invested in Bitcoin firms so far. CNN Money, 3.
Popper, Nathaniel. "Can Bitcoin Conquer Argentina." The New York Times
Magazine (2015). https://www.nytimes.com/2015/05/03/magazine/how-bitcoin-isdisrupting-
argentinas-economy.html?mcubz=0&_r=0
Prableen Bajpai, CFA (ICFAI, (2015 February 24). The Impact Of Venezuela's Bolivar
Exchange Rates. http://www.investopedia.com/articles/forex/022415/impactvenezuelas-
bolivar-exchange-rates.asp
Rice, D. T. (2013). The past and future of Bitcoins in worldwide commerce. Bus. L. Today, 1.
Sartor, Pablo. “¿Cómo funcionan los bitcoins?." IEEM Revista de Negocios 17.2 (2014): 48-
50.
Scott Driscoll (2013), How Bitcoin works under the hood, What is Bitcoin at a high level?.
Retreived from: http://www.imponderablethings.com/2013/07/how-bitcoin-worksunder-
hood.html
SmartUp (2015), How much do you know about Bitcoin? Retrieved from:
http://www.playbuzz.com/smartup10/how-much-do-you-know-about-bitcoin
Staiger, R. W., & Sykes, A. O. (2010). ‘Currency manipulation ‘and world trade. World Trade
Review, 9(4), 583-627.
Swartz, N. D. (2014). Bursting the Bitcoin bubble: The case to regulate digital currency as a
security or commodity. Tul. J. Tech. & Intell. Prop., 17, 319.
The Open University (2015), Researching the potential of Blockchains, Blockchain
overview. Retrieved from: http://blockchain.open.ac.uk/#what
Trading Economics (2017) https://tradingeconomics.com/argentina/inflation-cpi
Trading Economics (2017), https://tradingeconomics.com/venezuela/gdp
Trautman, L. J., & Harrell, A. C. (2016). Bitcoin Versus Regulated Payment Systems: What
Gives?
Venezuelan Central Bank (2017), Venezuela Inflation Rate, Trading Economics. Retrieved
from: https://tradingeconomics.com/venezuela/inflation-cpi
Wikipedia (2009), Latin America (orthographic projection), Retrieved from:
https://en.wikipedia.org/wiki/Latin_America#/media/File:Latin_America_(orthogr
aphic_projection).svg
Wu, C. Y., & Pandey, V. K. (2014). The value of Bitcoin in enhancing the efficiency of an
investor’s portfolio. Journal of Financial Planning, 27(9), 44-52.
Xapo. (2017), Bitcoin and the History of money. Retrieved from:
https://xapo.com/resources/history-of-money/