What is the microeconomics of cryptocurrencies?
As a financial professional, I'm curious to delve deeper into the microeconomics of cryptocurrencies. Could you elaborate on how supply and demand dynamics play a role in the valuation of cryptocurrencies? How do the limited supply of certain coins, such as Bitcoin, influence their prices? Furthermore, how do transactions on decentralized platforms, such as blockchain, affect the market microstructure of cryptocurrencies? I'm interested in understanding the economic incentives that drive individuals and businesses to adopt and use cryptocurrencies in their daily transactions. Additionally, what are the challenges in measuring and analyzing the microeconomic impact of cryptocurrencies, given their decentralized nature?
Who wrote microeconomics of cryptocurrencies?
Could you please elaborate on the authorship of the book "Microeconomics of Cryptocurrencies"? Who was the primary author behind this influential work? I'm particularly interested in understanding the credentials and background of the individual or group responsible for its creation. Given the significant impact it has had on the understanding of <a href="https://www.btcc.com/en-US" title="cryptocurrency">cryptocurrency</a> economies, I'm eager to know more about the thought process and perspective that shaped this seminal text. Your insights would be greatly appreciated.