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The Double Embeddedness of Bitcoin: Insights from Old and New Economic Sociology
International Journal of Social Science Studies
View Archive Info| Field | Value | |
| Title |
The Double Embeddedness of Bitcoin: Insights from Old and New Economic Sociology
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| Creator |
Corradi, Fiammetta
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| Description |
Revisiting analytically the notion of embeddedness and its connections with the concept of trust, this paper shows that contrary to Bitcoin’s premises and promises to be a trust-low or even trust-less currency, trust enters the system at many various levels and with different nuances. Applying a conceptual framework that conceives embeddedness as both the possible source and outcome of trust, it is pointed out that Bitcoin should better be regarded as doubly embedded: in technology and in its peculiar social structure. Due to the existence of computational and cognitive asymmetries within the system, in fact, trust is necessary for the very functioning of this new form of money, as well as for its future prospects.
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| Publisher |
Redfame Publishing
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| Contributor |
—
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| Date |
2018-05-18
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — |
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| Format |
application/pdf
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| Identifier |
http://redfame.com/journal/index.php/ijsss/article/view/3289
10.11114/ijsss.v6i6.3289 |
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| Source |
International Journal of Social Science Studies; Vol 6, No 6 (2018); 33-41
2324-8041 2324-8033 |
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| Language |
eng
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| Relation |
http://redfame.com/journal/index.php/ijsss/article/view/3289/3465
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| Rights |
Copyright (c) 2018 International Journal of Social Science Studies
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