An Economist’s Perspective on the Bitcoin Payment System
Gur Huberman, Jacob D. Leshno, Ciamac C. Moallemi · AEA Papers and Proceedings · 2019
The paper's introduction offers a high-level review of Bitcoin's features, especially its governance by protocol. The paper proceeds to summarize Bitcoin's analysis as a payment system. It pays particular attention to a comparison between Bitcoin and a firm-run payment system.