Publications

"Blockchain Without Waste: Proof-of-Stake"

Review of Financial Studies, Forthcoming

"Evolution of Shares in a Proof-of-Stake Cryptocurrency"
with Ioanid Rosu

Management Science, Forthcoming

"CDS Returns"

with Patrick Augustin and Haohua Xu

Journal of Economic Dynamics and Control, Forthcoming

Working Papers

"Bitcoin's Fatal Flaw: The Limited Adoption Problem"
with Franz Hinzen and Kose John

"The Public Blockchain Ecosystem: An Empirical Analysis"
with Felix Irresberger and Kose John

"Economics of Permissioned Blockchain Adoption" 

with Garud Iyengar, Jay Sethuraman and Wenjun Wang

"How Do Private Digital Currencies Affect Government Policy?"
with Max Raskin and David Yermack

Works In Progress

Bitcoin and Beyond
with Kose John and Maureen O'Hara 

Annual Review of Financial Economics, Invited

An Important Distinction Between Proof-of-Stake and Proof-of-Work

with Kose John and Thomas Rivera