Theory and Reality of Cryptocurrency Governance

Antoon Spithoven*

*Corresponding author for this work

Research output: Contribution to journalArticleAcademicpeer-review


I analyze cryptocurrency ecosystems with Elinor Ostrom’s meta-framework for self-governance. I conclude that Bitcoin falls short in its self-governing ambitions, while cryptocurrency software protocols and blockchain technologies have potentialities within “permissioned” peer-to-peer private or hybrid networks. However, regulation and supervision by trusted third parties are required.

Original languageEnglish
Pages (from-to)385-393
Number of pages9
JournalJournal of Economic Issues
Issue number2
Publication statusPublished - 3 Apr 2019


  • cryptocurrency
  • governance


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