Chapter 02. The institutional economics toolkit
Introduction
Bitcoin – a decentralized, permissionless, peer-to-peer protocol (Nakamoto, 2008) – is often introduced through monetary economics, computer science, or political theory (Antonopoulos, 2015; Böhme et al., 2015; Narayanan et al., 2016; Ammous, 2018). Monetary scarcity, distributed consensus, censorship resistance, self-custody, and the possibility of exit from the traditional
