The Bitcoin Standard Applied to Brazil: a Suggestion of Monetary Policy and a Review of the function of the Central Bank

Detalhes bibliográficos
Autor(a) principal: Fiuza, Lucas
Data de Publicação: 2019
Tipo de documento: Artigo
Idioma: por
Título da fonte: Mises
Texto Completo: https://revistamises.org.br/misesjournal/article/view/1101
Resumo: The purpose of this paper is to make a simplified suggestion to change the Brazilian monetary policy and review the role of the Central Bank. The author uses, as main pillar, a digital asset developed with a unique combination of technologies: Bitcoin, whose functionality infrastructure is decentralized. Also, its transaction record is immutable and public; it can be transferred between parties globally without intermediaries; and its issuance is limited, making it truly scarce. To formulate this suggestion, it was necessary to create hypotheses based on the historical value of Bitcoin and its adoption by the market, while aware that such hypotheses are strictly conjectures of possible scenarios, although absolutely unpredictable. The idea is so recent that only the imagination can give us visions of the future regarding the use and development of this new technology.
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spelling The Bitcoin Standard Applied to Brazil: a Suggestion of Monetary Policy and a Review of the function of the Central BankEl estándar Bitcoin aplicado a Brasil: una sugerencia de política monetaria y revisión de la función del Banco CentralO padrão Bitcoin aplicado ao Brasil: uma sugestão de política monetária e revisão da função do Banco CentralBitcoinBanco CentralBrasilBitcoinCentral BankBrazilBitcoinBanco CentralBrasil The purpose of this paper is to make a simplified suggestion to change the Brazilian monetary policy and review the role of the Central Bank. The author uses, as main pillar, a digital asset developed with a unique combination of technologies: Bitcoin, whose functionality infrastructure is decentralized. Also, its transaction record is immutable and public; it can be transferred between parties globally without intermediaries; and its issuance is limited, making it truly scarce. To formulate this suggestion, it was necessary to create hypotheses based on the historical value of Bitcoin and its adoption by the market, while aware that such hypotheses are strictly conjectures of possible scenarios, although absolutely unpredictable. The idea is so recent that only the imagination can give us visions of the future regarding the use and development of this new technology. El objetivo de este trabajo es hacer una sugerencia simplificada de cambio de política monetaria y revisión de la función del Banco Central en Brasil utilizando como pilar central un activo digital desarrollado con una combinación única de tecnologías, Bitcoin, cuya infraestructura para su funcionalidad es descentralizada, sus registros de transacciones son inalterado y público, puede ser transferido globalmente entre partes sin intermediarios y su emisión es limitada, tornándolo verdaderamente escaso. Para formular esta sugerencia, fue necesario crear hipótesis basadas en el historial del valor de Bitcoin y su adopción por el mercado, tomando conciencia que tales hipótesis son estrictamente conjeturas de escenarios posibles, pero absolutamente imprevisibles. El tema es tan reciente que apenas la imaginación nos puede dar visiones del futuro de uso y desarrollo de esta nueva tecnología. O objetivo desse trabalho é fazer uma sugestão simplificada de mudança de política monetária e revisão da função do Banco Central no Brasil utilizando como pilar central um ativo digital desenvolvido com uma combinação única de tecnologias, o Bitcoin, cuja infraestrutura é decentralizada, conta com registro de transações imutável e público, pode ser transferida entre partes globalmente sem intermediários e sua emissão é limitada, tornando-a verdadeiramente escasso. Para formular essa sugestão, foi necessário criar hipóteses baseadas no histórico do valor do Bitcoin e sua adoção pelo mercado, tendo a consciência de que tais hipóteses são estritamente conjecturas de cenários possíveis, mas absolutamente imprevisíveis. O tema é tão recente que apenas a imaginação pode nos dar visões do futuro do uso e desenvolvimento dessa nova tecnologia. Instituto Mises Brasil2019-05-02info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://revistamises.org.br/misesjournal/article/view/110110.30800/mises.2019.v7.1101MISES: Interdisciplinary Journal of Philosophy, Law and Economics; Vol. 7 No. 1 (2019): MISES Journal 2019 (Jan-Apr)MISES: Interdisciplinary Journal of Philosophy, Law and Economics; Vol. 7 Núm. 1 (2019): MISES Journal 2019 (Jan-Abr)MISES: Interdisciplinary Journal of Philosophy, Law and Economics; v. 7 n. 1 (2019): MISES Journal 2019 (Jan-Abr)2594-91872318-0811reponame:Misesinstname:Instituto Mises Brasilinstacron:IMBporhttps://revistamises.org.br/misesjournal/article/view/1101/625Copyright (c) 2019 MISES: Interdisciplinary Journal of Philosophy, Law and Economicsinfo:eu-repo/semantics/openAccessFiuza, Lucas2019-06-08T02:31:02Zoai:ojs.emnuvens.com.br:article/1101Revistahttps://revistamises.org.br/misesjournalPRIhttps://revistamises.org.br/misesjournal/oairevista@mises.org.br2594-91872318-0811opendoar:2019-06-08T02:31:02Mises - Instituto Mises Brasilfalse
dc.title.none.fl_str_mv The Bitcoin Standard Applied to Brazil: a Suggestion of Monetary Policy and a Review of the function of the Central Bank
El estándar Bitcoin aplicado a Brasil: una sugerencia de política monetaria y revisión de la función del Banco Central
O padrão Bitcoin aplicado ao Brasil: uma sugestão de política monetária e revisão da função do Banco Central
title The Bitcoin Standard Applied to Brazil: a Suggestion of Monetary Policy and a Review of the function of the Central Bank
spellingShingle The Bitcoin Standard Applied to Brazil: a Suggestion of Monetary Policy and a Review of the function of the Central Bank
Fiuza, Lucas
Bitcoin
Banco Central
Brasil
Bitcoin
Central Bank
Brazil
Bitcoin
Banco Central
Brasil
title_short The Bitcoin Standard Applied to Brazil: a Suggestion of Monetary Policy and a Review of the function of the Central Bank
title_full The Bitcoin Standard Applied to Brazil: a Suggestion of Monetary Policy and a Review of the function of the Central Bank
title_fullStr The Bitcoin Standard Applied to Brazil: a Suggestion of Monetary Policy and a Review of the function of the Central Bank
title_full_unstemmed The Bitcoin Standard Applied to Brazil: a Suggestion of Monetary Policy and a Review of the function of the Central Bank
title_sort The Bitcoin Standard Applied to Brazil: a Suggestion of Monetary Policy and a Review of the function of the Central Bank
author Fiuza, Lucas
author_facet Fiuza, Lucas
author_role author
dc.contributor.author.fl_str_mv Fiuza, Lucas
dc.subject.por.fl_str_mv Bitcoin
Banco Central
Brasil
Bitcoin
Central Bank
Brazil
Bitcoin
Banco Central
Brasil
topic Bitcoin
Banco Central
Brasil
Bitcoin
Central Bank
Brazil
Bitcoin
Banco Central
Brasil
description The purpose of this paper is to make a simplified suggestion to change the Brazilian monetary policy and review the role of the Central Bank. The author uses, as main pillar, a digital asset developed with a unique combination of technologies: Bitcoin, whose functionality infrastructure is decentralized. Also, its transaction record is immutable and public; it can be transferred between parties globally without intermediaries; and its issuance is limited, making it truly scarce. To formulate this suggestion, it was necessary to create hypotheses based on the historical value of Bitcoin and its adoption by the market, while aware that such hypotheses are strictly conjectures of possible scenarios, although absolutely unpredictable. The idea is so recent that only the imagination can give us visions of the future regarding the use and development of this new technology.
publishDate 2019
dc.date.none.fl_str_mv 2019-05-02
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://revistamises.org.br/misesjournal/article/view/1101
10.30800/mises.2019.v7.1101
url https://revistamises.org.br/misesjournal/article/view/1101
identifier_str_mv 10.30800/mises.2019.v7.1101
dc.language.iso.fl_str_mv por
language por
dc.relation.none.fl_str_mv https://revistamises.org.br/misesjournal/article/view/1101/625
dc.rights.driver.fl_str_mv Copyright (c) 2019 MISES: Interdisciplinary Journal of Philosophy, Law and Economics
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2019 MISES: Interdisciplinary Journal of Philosophy, Law and Economics
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Instituto Mises Brasil
publisher.none.fl_str_mv Instituto Mises Brasil
dc.source.none.fl_str_mv MISES: Interdisciplinary Journal of Philosophy, Law and Economics; Vol. 7 No. 1 (2019): MISES Journal 2019 (Jan-Apr)
MISES: Interdisciplinary Journal of Philosophy, Law and Economics; Vol. 7 Núm. 1 (2019): MISES Journal 2019 (Jan-Abr)
MISES: Interdisciplinary Journal of Philosophy, Law and Economics; v. 7 n. 1 (2019): MISES Journal 2019 (Jan-Abr)
2594-9187
2318-0811
reponame:Mises
instname:Instituto Mises Brasil
instacron:IMB
instname_str Instituto Mises Brasil
instacron_str IMB
institution IMB
reponame_str Mises
collection Mises
repository.name.fl_str_mv Mises - Instituto Mises Brasil
repository.mail.fl_str_mv revista@mises.org.br
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