The official site bitcoin.org describes Bitcoin as «the first decentralized digital currency». The introductory video continues saying that «bitcoins are digital coins you can send through the internet». The main difference between bitcoin and the standard money is immediately evident: bitcoins are not coined by a State mint and there is no Central Bank to control their value. This currency, with the aim of making online transactions faster and safer, is controlled by all Bitcoin users around the world through a peer-to-peer network. Users can participate in this network by installing on a computer, equipped with high computing power, the homonymous open-source software. Transactions between users are done using an app for smartphones and tablets or a computer program, which guarantee anonymity thanks to the encryption of the system. Then, these transactions are validated and recorded in a widespread way by the network nodes, which carry out several checks to verify the validity of the operation. This activity is called “mining”, a term that metaphorically refers to the activity of gold mining, and the nodes that carry it out are the “miners”, who are rewarded with newly issued bitcoins. The following paper has the purpose of analysing this new payment system. The first chapter will be dedicated to the presentation of the Bitcoin system, deepening its characteristics. The second chapter will explore the advantages and disadvantages of the system. The third chapter will deal with the issue of the tax treatment of cryptocurrencies in Italy. In the fourth chapter there will be some considerations about the potential applications of the blockchain technology. Lastly, I will summarize the most important aspects of the cryptocurrency and then I will give my opinion about its future and what we should expect from this incredible innovation.
Il sito ufficiale bitcoin.org descrive Bitcoin come «la prima valuta digitale decentralizzata». Il video introduttivo afferma inoltre che «i bitcoin sono monete digitali che puoi inviare tramite Internet». La principale differenza tra bitcoin e moneta standard è subito evidente: i bitcoin non sono coniati da una zecca di Stato e non esiste una Banca Centrale che ne controlli il valore. Questa valuta, avente l'obiettivo di rendere le transazioni online più veloci e sicure, è controllata da tutti gli utenti Bitcoin in tutto il mondo attraverso una rete peer-to-peer. Gli utenti possono partecipare a questa rete installando su un computer, dotato di elevata potenza di calcolo, l'omonimo software open-source. Le transazioni tra gli utenti avvengono utilizzando un'app per smartphone e tablet o un programma per computer, che garantiscono l'anonimato grazie alla crittografia del sistema. Queste transazioni vengono quindi validate e registrate dai nodi della rete, che effettuano diversi controlli per verificare la validità dell'operazione. Questa attività si chiama “mining”, termine che metaforicamente si riferisce all'attività di estrazione dell’oro, e i nodi che la svolgono, noti come “miners”, vengono premiati con bitcoin di nuova emissione. Il seguente lavoro ha lo scopo di analizzare questo nuovo sistema di pagamento. Il primo capitolo sarà dedicato alla presentazione del sistema Bitcoin, approfondendone le caratteristiche. Il secondo capitolo ne esplorerà i vantaggi e gli svantaggi. Il terzo capitolo tratterà il tema del trattamento fiscale delle criptovalute in Italia. Nel quarto capitolo ci saranno alcune considerazioni sulle potenziali applicazioni della tecnologia blockchain. Infine, riassumerò gli aspetti più importanti dell’analisi della criptovaluta e darò la mia opinione sul suo futuro e su cosa dobbiamo aspettarci da questa incredibile innovazione.
Bitcoin: un'analisi tecnica ed economica
CANTONI, ROBERTO
2019/2020
Abstract
The official site bitcoin.org describes Bitcoin as «the first decentralized digital currency». The introductory video continues saying that «bitcoins are digital coins you can send through the internet». The main difference between bitcoin and the standard money is immediately evident: bitcoins are not coined by a State mint and there is no Central Bank to control their value. This currency, with the aim of making online transactions faster and safer, is controlled by all Bitcoin users around the world through a peer-to-peer network. Users can participate in this network by installing on a computer, equipped with high computing power, the homonymous open-source software. Transactions between users are done using an app for smartphones and tablets or a computer program, which guarantee anonymity thanks to the encryption of the system. Then, these transactions are validated and recorded in a widespread way by the network nodes, which carry out several checks to verify the validity of the operation. This activity is called “mining”, a term that metaphorically refers to the activity of gold mining, and the nodes that carry it out are the “miners”, who are rewarded with newly issued bitcoins. The following paper has the purpose of analysing this new payment system. The first chapter will be dedicated to the presentation of the Bitcoin system, deepening its characteristics. The second chapter will explore the advantages and disadvantages of the system. The third chapter will deal with the issue of the tax treatment of cryptocurrencies in Italy. In the fourth chapter there will be some considerations about the potential applications of the blockchain technology. Lastly, I will summarize the most important aspects of the cryptocurrency and then I will give my opinion about its future and what we should expect from this incredible innovation.| File | Dimensione | Formato | |
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Bitcoin - a technical and economical analysis.pdf
Open Access dal 24/10/2023
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https://hdl.handle.net/20.500.12075/3926