A trustless technology, Bitcoin tries to solve issues of social coordination and economic exchange by relying exclusively on technological means. Is technology alone able to resolve the social and political concerns affecting the Bitcoin network?
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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.
The marriage between bitcoin cryptocurrency and traditional debit cards, let alone credit cards, remains unaccomplished. Monika Ermert explains why.
Cryptocurrencies such as bitcoin are often seen as a threat by governmental and financial institutions worldwide. Regulation could help minimise the risks involved. The author explores some legal and self-regulatory precedents from which we can learn.
