Skip to main content

Emergence and Resilience of Decentralized Brands: Cryptocurrencies



Meet our new faculty member: Mariam Humayun

Mariam Humayun was hired as an Assistant Professor of Marketing at the Telfer School of Management at the University of Ottawa. She completed her PhD at Schulich School of Business, York University. We interviewed her to learn more about her research interests in cryptocurrencies.

You recently completed your PhD research looking at the Bitcoin/Blockchain ecosystem in Canada and abroad. Any personal motivation behind your research interests in this area?

I have always been interested in the notion of privacy, consumer resistance, branding, and digital culture. With Bitcoin, what struck me is that it was rooted in notions of privacy (even though Bitcoin is not anonymous). One of the dreams with the early internet was the idea of digital cash and the ability to transact value across borders. Bitcoin’s key innovation, the blockchain, enabled it to become one of the first cryptocurrencies that spurred a devoted community around the globe. Despite initially having a terrible image in mainstream media, it seemed to survive its constant deaths. It has been fascinating to study how a brand like Bitcoin emerged and transformed itself through social and economic factors.

Could you tell us about your study “Satoshi is Dead. Long Live Satoshi: The Curious Case of Bitcoin’s Creator”.

This study focuses on the importance of anonymity in our digital age. Bitcoin’s anonymous founder Satoshi Nakamoto let Bitcoin grow and attract various audiences to its community by being absent as ‘an author’ or creator, allowing Bitcoin to remain decentralized (without any central authority). As such, people talk about feelings of ownership with Bitcoin, they create myths around who Satoshi may or may not be. There is a lot of debate about the notion of the 'death of the author' and this study underscores the idea that the absence of the author can at times help sustain the brand. The author's absence in Satoshi's case leaves a lot of room for mythmaking around Bitcoin.  

How can your research influence the public sector in Canada?

From a general public and policy perspective, it is important to understand how consumers alongside multiple stakeholders have become the main driving forces in helping cryptocurrency ecosystems survive. Currencies have typically been issued by central authorities through state or banks. Bitcoin and other cryptocurrencies have created alternative economies for many, where the role of institutions is being fundamentally challenged. Therefore, it is critical to examine how these various communities emerge and evolve – and at times – fragment and dissolve as well, considering these alternative economies may dominate in the future.


About the Author

Rania Nasrallah a rejoint le bureau de recherche Telfer en 2019. Elle a obtenu son doctorat en médecine à l'Université d'Ottawa et apporte à ce rôle plus de deux décennies d'expérience en recherche. Rania participe à tous les aspects du mandat du Bureau de la recherche et est responsable de fournir un large éventail de services aux membres du corps professoral et aux étudiants de recherche de deuxième et troisième cycle. Elle gère les subventions internes et les bourses d'études, et participe à la stratégie de communication de la recherche. Elle fournit également un soutien aux chercheurs avant l'attribution des subventions afin de maximiser le succès du financement au niveau national et international. En outre, elle travaille en étroite collaboration avec le Vice-doyen à la recherche pour élaborer et mettre en œuvre des stratégies visant à améliorer le financement et la vélocité de la recherche à Telfer, conformément à notre vision pour créer un meilleur Canada et un meilleur monde pour tous.<br/><br/>Rania Nasrallah joined the Telfer Research Office in 2019. She completed her PhD in Medicine at the University of Ottawa and brings over two decades of research experience to this role. Rania is involved in all aspects of the mandate of the Research Office and is responsible for providing a wide range of services to faculty members and research based graduate students. She manages internal grants, student awards, and participates in the research communication strategy. She also provides pre-award support to researchers to optimize funding success nationally and internationally. In addition she works closely with the Vice Dean Research to develop and implement strategies to enhance research funding and intensity at Telfer following our vision to create a better Canada and a better world for all.

Profile Photo of Rania Nasrallah