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Castronova Edward

Castronova Edward - Wildcat Currency How The Virtual Money Revolution Is Transforming The Economy - Paperback

Castronova Edward - Wildcat Currency How The Virtual Money Revolution Is Transforming The Economy - Paperback

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Binding: Paperback
Description: An intriguing look at the exploding phenomenon of unregulated private currencies and how they will change our economy forever Private currencies have always existed from notes printed by individual banks to the S& H Green Stamps to Bitcoin. Today's economy has seen an explosion of new forms of monetary exchange not created by the federal government. Credit card companies offer points that can be traded in for a variety of goods and services from airline miles to online store credit. Online game creators have devised new mediums of electronic exchange that turn virtual money into real money. Meanwhile real money is increasingly going digital where it competes with private currencies like Bitcoin. The virtual and the real economic worlds are intermingling more than ever before raising the possibility that this new money might eventually replace the government - run system of dollars euros and yen. Edward Castronova is the leading researcher in this field a founder of scholarly online game studies and an expert on the economies of virtual worlds. In this dynamic and essential work he explores the current phenomenon of virtual currencies and what it will mean legally politically and economically in the future. In doing so he provides a fascinating often surprising discourse on the meaning of money itself what it is what we think it is and how we relate to it on an emotional level.
Title: Wildcat Currency How The Virtual Money Revolution Is Transforming The Economy
Author(s): Castronova Edward
Publisher: Yale University Press
Barcode: 9780300212495
Pages: 288 Pages
Publication Date: 6/30/2015
Category: E-Commerce: Business Aspects
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