Bitcoin – Finally, Fair Money? by The Wine and Cheese Appreciation Society of Greater London and Scott Len, Mute:
Bitcoin is a decentralised digital currency deploying peer-to-peer networking to enable secure and anonymous transactions without a central bank. Unlike many economic commentators, The Wine and Cheese Appreciation Society and Scott Len take the currency seriously but ask, how exactly does it differ from ‘real’ money?
In 2009, Satoshi Nakamoto designed a new electronic or virtual currency called Bitcoin, the goal of which was to provide the equivalent of cash on the internet.i Rather than using bank or credit cards to buy stuff online, a Bitcoin user will install a piece of software, the Bitcoin client, on his computer and send Bitcoin to other users directly under a pseudonym. More >>