Bitcoin is the first decentralised, peer-to-peer network that allows for the proof and transfer of ownership of virtual currencies without the need for a trusted third party. The purpose of this article is to address how we can capture Bitcoin’s potential benefits for the economy while addressing new regulatory challenges.
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By retracing the stages of development of a 'peer-to-peer cloud' storage service, Francesca Musiani argues that decentralised network architectures are internet governance 'in practice'.