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Currency could be on a peer-to-peer network on open-source software

By Hicbd
Wed May 22 2013 7:12 pm

As shown by Bitcoin, currency could be anonymous, "immune to transaction fees and national borders", and have a predictable and controlled supply controlled by an algorithm. However, its privacy could lead to criminal transactions and there are concerns with its security and inability to revoke transactions.

URL:
http://www.time.com/time/magazine/article/0,9171,2140782,00.html
http://en.wikipedia.org/wiki/Bitcoin


Categories:
Currency Money

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