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Bitcoin, Dynamic Efficiency, and The Economic Limits of “Nakamoto Trust”: An Austrian Reappraisal of Budish’s Argument Cover

Bitcoin, Dynamic Efficiency, and The Economic Limits of “Nakamoto Trust”: An Austrian Reappraisal of Budish’s Argument

By:   
Open Access
|Aug 2026

Authors

Joel Serrano

jcol18@gmail.com

The author holds a PhD in Social and Legal Sciences (Economics) from the International Doctoral School of Rey Juan Carlos University (URJC). He holds a Bachelor’s degree in Philosophy and a Master’s degree in Theoretical and Practical Philosophy from the National University of Distance Education (UNED), and a Master’s degree in Austrian School Economics from Rey Juan Carlos University (URJC), Madrid
Language: Spanish, English
Page range: 345 - 374
Submitted on: Dec 11, 2025
Accepted on: Mar 5, 2026
Published on: Aug 13, 2026
Published by: Unión Editorial S.A. in collaboration with the Faculty of Economics and Entrepreneurial Sciences of Universidad Rey Juan Carlos of Madrid
In partnership with: Paradigm Publishing Services

© 2026 Joel Serrano, published by Unión Editorial S.A. in collaboration with the Faculty of Economics and Entrepreneurial Sciences of Universidad Rey Juan Carlos of Madrid
This work is licensed under the Creative Commons Attribution-NonCommercial-ShareAlike 4.0 License.