analysis: Bitcoin primer

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Source: Chciago Federal Reserve
Mulligan bitcoin coin

François R. Velde, senior economist at the Chicago Fed reviews the mechanics of bitcoin and offers some thoughts on its characteristics.

Velde describes bitcoin as a remarkable conceptual and technical achievement, “which may well be used by existing financial institutions (which could issue their own bitcoins) or even by governments themselves”.» Download the document now 85.3 kb (PDF File)

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