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Bitcoin: Challenging the
fiat money
system or
catalyzing
economic
development?
October 25, 2013
Stockholm School of Economics
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2023-04-12 │ 2
14.30-14.45 Welcome and Introduction to Bitcoin
Dr. Robin Teigland Associate Professor, SSE
14.45-15.15 The Appeal of a Nonpolitical Monetary Unit
Jon Matonis,
Executive Director & Board Member, Bitcoin Foundation
15.15-15.45 Case Study: Kipochi and Implications of Bitcoin for Developing Countries
Pelle Braendgaard Founder, Kipochi
15.50-16.20 Future of and Alternative to Bitcoin
Michael Grönager Chief Operating Officer, Payward Inc.
16.20-16.30 Concluding Remarks
Moderator: Dr. Robin Teigland
Program
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2023-04-12 │ 3
Finance + ICT
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2023-04-12 │ 4
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vs
Opportunity? Threat?
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2023-04-12 │ 7
Exploring Collective Emergent Institutional Entrepreneurship through Bitcoin
• Open source project posted on SourceForge in Jan 2009
• By “Satoshi Nakamoto” – but who is Satoshi?• Developed by community of strangers across globe• Legitimate currency with >USD 2 bln in circulation <5 short years:
Challenging the fiat money system?
Our Research
Teigland, Yetis, Larsson 2013 http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2263707
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Institutions
Emergent Collective vs
E.g., Central Bank~ Long-standing financial
institutions and regulations
E.g., Bitcoin Community ~ Emergent collective of users across globe connected through internet
Teigland, Yetis, Larsson 2013
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2023-04-12 │ 9
Nov 2009 to Jan 2013
Bitcoin Online Forums
Social network analysis & Semantic network analysis• Bitcoin Forum (English)
• 1.15 mln posts by 21,903 people• 85% all posts / 89% all people
• Secondary data• SNS, blogs, websites, etc.
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2023-04-12 │ 10Info
rmal org
an
izati
on
10 Most Active in Forum
5 Bitcoin entrepreneurs5 anonymous
Forum Topics over Time
TechnicalExchanges
Legal
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2023-04-12 │ 11
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2023-04-12 │ 12
14.30-14.45 Welcome and Introduction to Bitcoin
Dr. Robin Teigland Associate Professor, SSE
14.45-15.15 The Appeal of a Nonpolitical Monetary Unit
Jon Matonis,
Executive Director &Board Member, Bitcoin Foundation
15.15-15.45 Case Study: Kipochi and Implications of Bitcoin for Developing Countries
Pelle Braendgaard Founder, Kipochi
15.50-16.20 Future of and Alternative to Bitcoin
Michael Grönager Chief Operating Officer, Payward Inc.
16.20-16.30 Concluding Remarks
Moderator: Dr. Robin Teigland
Program