Embedding into an Emerging Money System: The Case of Bitcoin

References

• Abrams, Laura S. 2010. “Sampling ‘Hard to Reach’ Populations in Qualitative Research: The Case of Incarcerated Youth.” Qualitative Social Work 9(4):536–50.
   Google Scholar
• Baker, Wayne E. and Jason B. Jimerson. 1992. “The Sociology of Money.” American Behavioral Scientist 35(6):678–93. doi: 10.1177/0002764292035006005.
   Web of Science ®Google Scholar
• Beckert, Jens. 1996. “What Is Sociological about Economic Sociology? Uncertainty and the Embeddedness of Economic Action.” Theory and Society 25(6):803–40. doi: 10.1007/BF00159817.
   Web of Science ®Google Scholar
• Beckert, Jens. 2013. “Imagined Futures: Fictional Expectations in the Economy.” Theory and Society 42(3):219–40. doi: 10.1007/s11186-013-9191-2.
   Web of Science ®Google Scholar
• Beckert, Jens. 2016. Imagined Futures: Fictional Expectations and Capitalist Dynamics. Cambridge, MA: Harvard University Press.
   Google Scholar
• Biernacki, Patrick, and Dan Waldorf. 1981. “Snowball Sampling: Problems and Techniques of Chain Referral Sampling.” Sociological Methods & Research 10(2):141–63. doi: 10.1177/004912418101000205.
   Web of Science ®Google Scholar
• Blumer, Herbert. 1969. Symbolic Interactionism: Perspective and Method. Berkley: University of California Press.
   Google Scholar
• Bohr, Jeremiah, and Masooda Bashir. 2014. “Who Uses Bitcoin? an Exploration of the Bitcoin Community.” Pp. 94–101 in 2014 Twelfth Annual International Conference on Privacy, Security and Trust (PST). Toronto, Canada. doi: 10.1109/PST.2014.6890928.
   Google Scholar
• Bourdieu, Pierre. 1985. “The Market of Symbolic Goods.” Poetics 14(1):13–44. doi: 10.1016/0304-422X(85)90003-8.
   Web of Science ®Google Scholar
• Caldwell, Caron. 2000. “Why Do People Join Local Exchange Trading Systems.” International Journal of Community Currency Research 4(1):1–16.
   Google Scholar
• Carruthers, Bruce G., and Sarah Babb. 1996. “The Color of Money and the Nature of Value: Greenbacks and Gold in Postbellum America.” American Journal of Sociology 101 (6):1556–91. doi: 10.1086/230867.
   Web of Science ®Google Scholar
• Carruthers, Bruce G., and Wendy Nelson Espeland. 1998. “Money, Meaning, and Morality.” American Behavioral Scientist 41 (10):1384–408. doi: 10.1177/0002764298041010003.
   Web of Science ®Google Scholar
• Carruthers, Bruce G., and Brian Uzzi. 2000. “Economic Sociology in the New Millennium.” Contemporary Sociology 29(3):486–94. doi: 10.2307/2653936.
   Web of Science ®Google Scholar
• Chuen, David, and Lee Kuo. 2015. Handbook of Digital Currency: Bitcoin, Innovation, Financial Instruments, and Big Data. Cambridge MA: Academic Press.
   Google Scholar
• Cohen, Benjamin J. 2001. “Electronic Money: New Day or False Dawn?” Review of International Political Economy 8 (2):197–225. doi: 10.1080/09692290010033376.
   Web of Science ®Google Scholar
• Coindesk. 2015. “New CoinDesk Report Reveals Who Really Uses Bitcoin.” CoinDesk, June 10. http://www.coindesk.com/new-coindesk-report-reveals-who-really-uses-bitcoin/.
   Google Scholar
• Coleman, James. 1990. Foundations of Social Theory. Cambridge, MA: Belknap Press of Harvard University Press.
   Google Scholar
• Cooper, Al, Coralie Scherer, and Robin M. Mathy. 2001. “Overcoming Methodological Concerns in the Investigation of Online Sexual Activities.” CyberPsychology & Behavior 4(4):437–47. doi: 10.1089/109493101750526999.
   PubMedGoogle Scholar
• De Filippi, Primavera, and Benjamin Loveluck. 2016. “The Invisible Politics of Bitcoin: Governance Crisis of a Decentralized Infrastructure.” Internet Policy Review 5(4). doi: 10.14763/2016.3.427.
   Google Scholar
• Delaney, Kevin J. 2012. Money at Work: On the Job with Priests, Poker Players and Hedge Fund Traders. New York: New York University Press.
   Google Scholar
• DiMaggio, Paul, and Hugh Louch. 1998. “Socially Embedded Consumer Transactions: For What Kinds of Purchases Do People Most Often Use Networks?” American Sociological Review 63(5):619–37. doi: 10.2307/2657331
   Web of Science ®Google Scholar
• Dodd, Nigel. 2005. “Reinventing Monies in Europe.” Economy and Society 34(4):558–83. doi: 10.1080/03085140500277096
   Web of Science ®Google Scholar
• Dodd, Nigel. 2014. The Social Life of Money. Princeton, NJ: Princeton University Press.
   Google Scholar
• Dodd, Nigel. 2018. “The Social Life of Bitcoin.” Theory, Culture & Society 35(3):35–56. doi: 10.1177/0263276417746464
   Web of Science ®Google Scholar
• Dowd, Kevin, and Martin Hutchinson. 2015. “Bitcoin Will Bite the Dust.” Cato Journal 35(2). http://object.cato.org/sites/cato.org/files/serials/files/cato-journal/2015/5/cj-v35n2-12.pdf.
   Google Scholar
• Glaser, Florian, Kai Zimmermann, Martin Haferkorn, Moritz Christian Weber, and Michael Siering. 2014. “Bitcoin—Asset or Currency? Revealing Users’ Hidden Intentions.” ECIS, April 15. http://papers.ssrn.com/abstract=2425247.
   Google Scholar
• Goffman, Erving. 1963. Stigma: Notes on the Management of Spoiled Identity. New York: Simon & Schuster.
   Google Scholar
• Golumbia, David. 2016. The Politics of Bitcoin: Software as Right-Wing Extremism. Minneapolis: University of Minnesota Press.
   Google Scholar
• Granovetter, Mark. 1985. “Economic Action and Social Structure: The Problem of Embeddedness.” American Journal of Sociology 91(3):481–510. doi: 10.1086/228311.
   Web of Science ®Google Scholar
• Gup, Benton E. 2014. What Is Money? from Commodities to Virtual Currencies/Bitcoin. Rochester, NY: Social Science Research Network. March 14. http://papers.ssrn.com/abstract=2409172.
   Google Scholar
• Hayes, Adam. 2019. “The Socio-Technological Lives of Bitcoin.” Theory, Culture & Society 36(4):49–72. doi: 10.1177/0263276419826218.
   Web of Science ®Google Scholar
• Hsieh, Hsiu-Fang, and Sarah E. Shannon. 2005. “Three Approaches to Qualitative Content Analysis.” Qualitative Health Research 15(9):1277–88. doi:10.1177/1049732305276687.
   PubMed Web of Science ®Google Scholar
• Huberman, Bernardo A., Christoph H. Loch, and Ayse ÖNçüler. 2004. “Status as a Valued Resource.” Social Psychology Quarterly 67(1):103–14. doi: 10.1177/019027250406700109.
   Web of Science ®Google Scholar
• Ingham, Geoffrey. 1996. “Money Is a Social Relation.” Review of Social Economy 54(4):507. doi: 10.1080/00346769600000031.
   Web of Science ®Google Scholar
• Inman, Phillip, and Angela Monaghan. 2019. “Facebook’s Libra Cryptocurrency ‘Poses Risks to Global Banking.’” The Guardian, June 23. https://www.theguardian.com/technology/2019/jun/23/facebook-libra-cryptocurrency-poses-risks-to-global-banking.
   Google Scholar
• Karlstrøm, Henrik. 2014. “Do Libertarians Dream of Electric Coins? the Material Embeddedness of Bitcoin.” Distinktion: Scandinavian Journal of Social Theory 15(1):23–36. doi: 10.1080/1600910X.2013.870083.
   Google Scholar
• Kantamnen, S. Prasad, and Kevin R. Coulson. 1996. “Measuring Perceived Value: Scale Development and Research Findings from a Consumer Survey.” Journal of Marketing Management 6(2):72–86.
   Google Scholar
• Kobrin, Stephen J. 1997. “Electronic Cash and the End of National Markets.” Foreign Policy 107: 65–77. doi:10.2307/1149333.
   Google Scholar
• Lieblich, A., R. Tuval-Mashiach, and T. Zilber. 1998. Applied Social Research Methods: Narrative Research. Thousand Oaks, CA: SAGE Publications, Inc. doi:10.4135/9781412985253.
   Google Scholar
• Lietaer, Bernard. 2001. The Future of Money. London, UK: Century.
   Google Scholar
• Lietaer, Bernard, and Jacqui Dunne. 2013. Rethinking Money: How New Currencies Turn Scarcity into Prosperity. 1st ed. San Francisco, CA: Berrett-Koehler Publishers.
   Google Scholar
• Lo, Stephanie, and J. Christina Wang. 2014. “Bitcoin as Money?” Current Policy Perspectives 14-4, Federal Reserve Bank of Boston. (https://ideas.repec.org/p/fip/fedbcq/2014_004.html).
   Google Scholar
• Lough, Richard. 2019. “France Creates G7 Cryptocurrency Task Force as Facebook’s Libra Unsettles Government” Reuters, June 21. https://www.reuters.com/article/us-facebook-crypto-france/france-creates-g7-cryptocurrency-task-force-as-facebooks-libra-unsettles-governments-idUSKCN1TM0SO.
   Google Scholar
• Luther, William J., and Lawrence H. White. 2014. “Can Bitcoin Become a Major Currency?” GMU Working Paper in Economics No. 14–17, June 5. http://papers.ssrn.com/abstract=2446604.
   Google Scholar
• Mallard, Alexandre, Cécile Méadel, and Francesca Musiani. 2014. “The Paradoxes of Distributed Trust: Peer-to-Peer Architecture and User Confidence in Bitcoin.” Journal of Peer Production 4:10.
   Google Scholar
• Mankiw, Greg. 2012. Macroeconomics. 8th ed. New York: Worth Publishers.
   Google Scholar
• Marshall, Martin N. 1996. “Sampling for Qualitative Research.” Family Practice 13(6):522–26. doi: 10.1093/fampra/13.6.522
   PubMed Web of Science ®Google Scholar
• Maurer, Bill. 2012. “Mobile Money: Communication, Consumption and Change in the Payments Space.” Journal of Development Studies 48(5):589–604. doi: 10.1080/00220388.2011.621944.
   Web of Science ®Google Scholar
• Maurer, Bill, Taylor C. Nelms, and Lana Swartz. 2013. “When Perhaps the Real Problem Is Money Itself!’ the Practical Materiality of Bitcoin.” Social Semiotics 23(2):261–77. doi: 10.1080/10350330.2013.777594.
   Web of Science ®Google Scholar
• Molm, Linda D., David Melamed, and Monica M. Whitham. 2013. “Behavioral Consequences of Embeddedness: Effects of the Underlying Forms of Exchange.” Social Psychology Quarterly 76(1):73–97. doi: 10.1177/0190272512468284.
   Web of Science ®Google Scholar
• Nakamoto, Satoshi. 2008. “Bitcoin: A Peer-to-Peer Electronic Cash System.” https://bitcoin.org/bitcoin.pdf.
   Google Scholar
• Naqvi, Mona, and James Southgate. 2013. “Banknotes, Local Currencies and Central Bank Objectives.” Bank of England Quarterly Bulletin Q4, December 13. https://ssrn.com/abstract=2379352.
   Google Scholar
• North, Peter. 2007. Money and Liberation: The Micropolitics of Alternative Currency Movements. Minneapolis: University of Minnesota Press.
   Google Scholar
• Pacione, Michael. 1997. “Local Exchange Trading Systems as a Response to the Globalisation of Capitalism.” Urban Studies 34(8):1179–99. doi: 10.1080/0042098975583.
   Web of Science ®Google Scholar
• Petrick, James F. 2002. “Development of a Multi-Dimensional Scale for Measuring the Perceived Value of a Service.” Journal of Leisure Research 34(2):119–34. doi: 10.1080/00222216.2002.11949965.
   Web of Science ®Google Scholar
• Petrick, James F. 2004. “The Roles of Quality, Value, and Satisfaction in Predicting Cruise Passengers’ Behavioral Intentions.” Journal of Travel Research 42(4):397–407.
   Google Scholar
• Polillo, Simone. 2011. “Wildcats in Banking Fields: The Politics of Financial Inclusion.” Theory and Society 40(4):347–83. doi: 10.1007/s11186-011-9146-4.
   Web of Science ®Google Scholar
• Potter, James W., and Deborah Levine-Donnerstein. 1999. “Rethinking Validity and Reliability in Content Analysis.” Journal of Applied Communication Research 27(3):258–84. doi: 10.1080/00909889909365539.
   Web of Science ®Google Scholar
• Puustinen, Pekka, Peter Maas, and Heikki Karjaluoto. 2013. “Development and Validation of the Perceived Investment Value (PIV) Scale.” Journal Of Economic Psychology 36:41–54. doi: 10.1016/j.joep.2013.02.009
   Web of Science ®Google Scholar
• Ritter, Lacey J., and Koji Ueno. 2017. “Construction and Management of Stigma Based on a Voluntary-Achieved Status.” Symbolic Interaction 40(4):541–60. doi: 10.1002/symb.296.
   Web of Science ®Google Scholar
• Rothbard, Murray. 2004. Man, Economy, and State, with Power and Market, 2nd ed. Ludvig von Mises Institute. https://mises.org/library/man-economy-and-state-power-and-market.
   Google Scholar
• Sánchez, Javier., Luis Callarisa, Rosa M. Rodríguez, and Miguel. A. Moliner. 2006. “Perceived Value of the Purchase of a Tourism Product.” Tourism Management 27(3):394–409. doi: 10.1016/j.tourman.2004.11.007.
   Web of Science ®Google Scholar
• Schussman, Alan Thomas. 2007. “Making Real Money: Local Currency and Social Economies in the United States.” PhD dissertation, Department of Sociology, The University of Arizona. http://gradworks.umi.com/32/54/3254707.html.
   Google Scholar
• Simmel, Georg. 2011. The Philosophy of Money. London, UK: Routledge.
   Google Scholar
• Star, Susan Leigh, and James R. Griesemer. 1989. “Institutional Ecology, ‘Translations’ and Boundary Objects: Amateurs and Professionals in Berkeley’s Museum of Vertebrate Zoology, 1907–39.” Social Studies of Science 19(3):387–420. doi: 10.1177/030631289019003001.
   Web of Science ®Google Scholar
• Stets, Jan E., Peter J. Burke, and Scott V. Savage. 2018. “Exchange, Identity Verification, and Social Bonds.” Social Psychology Quarterly 81(3):207–27. doi: 10.1177/0190272518785866.
   Web of Science ®Google Scholar
• Stryker, Robin. 1996. “Beyond History versus Theory: Strategic Narrative and Sociological Explanation.” Sociological Methods & Research 24(3):304–52. doi: 10.1177/0049124196024003003.
   Web of Science ®Google Scholar
• Surda, Peter. 2012. “Economics of Bitcoin: Is Bitcoin an Alternative to Fiat Currencies and Gold?” Thesis, WU Vienna University of Economics and Business. http://dev.economicsofbitcoin.com/mastersthesis/mastersthesis-surda-2012-11-19b.pdf.
   Google Scholar
• Surda, Peter. 2014. The Origin, Classification and Utility of Bitcoin. Rochester, NY: Social Science Research Network, May 15 http://papers.ssrn.com/abstract=2436823.
   Google Scholar
• Sweeney, Jillian C. and Geoffrey N. Soutar. 2001. “Consumer Perceived Value: The Development of a Multiple Item Scale.” Journal of Retailing 77(2):203–20. doi: 10.1016/S0022-4359(01)00041-0.
   Web of Science ®Google Scholar
• Von Mises, Ludwig, and Harold Edward Batson. 1953. The Theory of Money and Credit, Vol. 2, New Haven, CT: Yale University Press.
   Google Scholar
• Walsh, Gianfranco, Edward Shiu, and Louise M. Hassan. 2014. “Replicating, Validating, and Reducing the Length of the Consumer Perceived Value Scale.” Journal of Business Research 67(3):260–67.
   Web of Science ®Google Scholar
• Weber, Max. 1978. Economy and Society: An Outline of Interpretive Sociology, G. Roth and C. Wittich edited by. Berkeley: University of California Press.
   Google Scholar
• Willer, Robb, Francis J. Flynn, and Sonya Zak. 2012. “Structure, Identity, and Solidarity: A Comparative Field Study of Generalized and Direct Exchange.” Administrative Science Quarterly 57(1):119–55. doi: 10.1177/0001839212448626.
   Web of Science ®Google Scholar
• Williams, Colin C. 1996. “The New Barter Economy: An Appraisal of Local Exchange and Trading Systems (LETS).” Journal of Public Policy 16 (1):85–101. doi: 10.1017/S0143814X0000787X.
   Google Scholar
• Yermack, David. 2013. “Is Bitcoin a Real Currency? an Economic Appraisal.” Working Paper, National Bureau of Economic Research (No. 19747). https://www.nber.org/papers/w19747.
   Google Scholar
• Zeithaml, Valarie A. 1988. “Consumer Perceptions of Price, Quality, and Value: A Means-End Model and Synthesis of Evidence.” Journal of Marketing 52 (3):2–22. doi: 10.1177/002224298805200302.
   Web of Science ®Google Scholar
• Zelizer, Viviana A. 1989. “The Social Meaning of Money: ‘Special Monies’.” American Journal of Sociology 95(2):342–77. doi: 10.1086/229272.
   Web of Science ®Google Scholar
• Zelizer, Viviana A. 1994. The Social Meaning of Money. New York: BasicBooks.
   Google Scholar
• Zelizer, Viviana A. 2004. “Circuits of Commerce.” Pp. 122–44 in Self, Social Structure, and Beliefs: Explorations in Sociology, edited by Jeffrey C. Alexander, Gary T. Marx, and Christine L. Williams. Berkeley: University of California Press.
   Google Scholar