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Theoretical and Applied Economics
No. 2 / 2015 (603), Summer

The issue of “true” money in front of the BitCoin's offensive

Angela ROGOJANU
Bucharest University of Economic Studies, Romania
Liana BADEA
Bucharest University of Economic Studies, Romania

Abstract. The issue of money, beyond what is usually meant by the very words “money issue” was and still is a subject of interest for a heterogeneous public, going beyond time and being the subject of numerous studies and regulations since ancient time. Over centuries, the money had different forms, and the controversies surrounding them were numerous. Currently, one of the problems is related to the emergence and use of virtual money, seen from the perspective of private currency. The question that occurs frequently in the talks of several economists is related to the ability of virtual money to survive. History has shown that man has the capacity to find ways which can “avoid” prohibitions of various types, being able, even in the case of money to find alternatives to the official currency. Is the BitCoin that private currency which will have the longest life? And if so, how long it will run in parallel with the traditional currency? Based on these questions, this paper aims at presenting the main aspects of the BitCoin, starting from specialized literature and reaching the Romanian reality.

Keywords: BitCoin, market, competition, private currency.

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