648K-BITS ABOUT BITCOIN
Abstract:
This paper explores the recent development of digital currencies—currencies which are
creatures of the Internet, self-authenticating, and usable worldwide by members of the
general public to engage in the same types of direct, one-to-one transactions that daily
occur using government-issued currencies. At present, the most developed digital currency
measured by market capitalization is Bitcoin, which will be used as a proxy for the
general phenomenon. Not surprisingly, as Bitcoin’s circulation and visibility has increased,
so have the number of practical and legal issues surrounding its use. Some of these will be
explored in this paper, with a view to considering the utility and viability of such currencies
for widespread, global use.
http://portal.sinteza.singidunum.ac.rs/Media/files/2014/1-7.pdf
