This Is Real Law. Alt-currency: What Bitcoin Means for Banking

This Is Real Law. Alt-currency: What Bitcoin Means for Banking

Launched on the Internet just a little more than five years ago by an individual or group of individuals known by the pseudonym Satoshi Nakamoto, Bitcoin has been hailed as a complete reimagining of international finance, something that breaks down barriers between countries and frees currencies from the control of governments.

How it all works is admittedly a bit complicated and difficult to grasp initially. But so, too, was the Internet itself when it was first brought to the public’s consciousness in the mid-1990s. There were skeptics and scaremongers then about the “information superhighway,” just as there are now about Bitcoin.

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