Before revision: We apply quantitative finance methods and economic arguments to cryptocurrencies in general and bitcoin in particular -- as there are about 10,000 cryptocurrencies, we focus (unless otherwise specified) on the most discussed crypto of those that claim to hew to the original protocol (Nakamoto , 2009) and the one with, by far, the largest market capitalization.
After revision: This discussion applies quantitative finance methods and economic arguments to cryptocurrencies in general and bitcoin in particular -- as there are about 10,000 cryptocurrencies, we focus (unless otherwise specified) on the most discussed crypto of those that claim to hew to the original protocol (Nakamoto , 2009) and the one with, by far, the largest market capitalization.